Japan: Exports increase, imports contract, yen likely to weaken – BBH
FXStreet (Delhi) – Research Team at BBH, note that Japan today reported August trade and the adjusted balance came in at –JPY359 bln vs. –JPY377 bln expected.
Key Quotes
“Exports rose 3.1% y/y vs. 4.3% expected, while imports contracted -3.1% y/y vs. -2.5% expected.”
“The yen may resume its weakening trend as we move into Q4, when many expect further BOJ easing measures in light of the weakening Japanese economy. Near-term, the yen will be driven by the Fed.”
Research Team at BBH, note that Japan today reported August trade and the adjusted balance came in at –JPY359 bln vs. –JPY377 bln expected.
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