The Japanese yen sank versus the US dollar Wednesday, although Japan’s trade balance in March swerved sharply.
Based on official figures, trade data displayed a surplus of ¥229.3 billion, the 1st surplus in 33 months. Exports climbed 8.5%, but imports dropped 14.5%.
The currency closed at ¥119.73 per greenback and ¥128.50 per euro.
Markets were hushed overnight “with no major news to drive proceedings,” said Imre Speizer, Senior Strategist at Westpac.
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