Yen Gains on Dollar, Retreats Against Other Major After Trade Balance

The Japanese yen rose against the US dollar today but failed to maintain gains against other major currencies even though Japan’s trade balance came out better than expected.

The trade surplus increased a bit from ¥0.35 trillion in October to ¥0.36 trillion in November. That is instead of a decrease to ¥0.27 trillion predicted by analysts. The reason for such disparity was the fact that imports missed expectations, though they were still rising at healthy pace.

USD/JPY slipped from 112.72 to 112.63 as of 10:47 GMT today. CHF/JPY traded at 113.90 after opening at 113.83 and falling to the daily low of 113.45.

If you have any questions, comments or opinions regarding the Japanese Yen,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *