Yen Declines as Trade Data Disappoints

The Japanese yen dropped today, falling for the fifth straight session against the US dollar. The currency declined as Japan’s trade data disappointed investors.

Japan’s trade balance demonstrated a deficit of ¥0.36 trillion in September. It was little changed from the August’s value but markedly above the median forecast of ¥0.07 trillion. Meanwhile, analysts continue to argue whether the Japanese central bank is going to ease monetary policy even more or stay put.

USD/JPY gained from 119.82 to 120.01 as of 13:06 GMT, trading near the highest level since October 13. EUR/JPY rose from 135.94 to 136.25.

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Your email address will not be published.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 *