13 Jan 2015
Japan registers a 7th consecutive current account surplus – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team notes that Japan’s November’s trade balance at JPY915B came way about above consensus, registering a surplus for the 7th consecutive month.
Key Quotes
“Japan released November adjusted current account figure at surplus of ¥915B, beating consensus of ¥693B, also marked 7th consecutive surplus.”
“Trade balance for Japan was at a deficit of ¥637B, a smaller deficit than ¥734B expected, also the smallest trade deficit for Japan in 5 months.”
“JGBs moved higher on today's session amid BoJ buying. Yield for 5-year JGB dropped to zero for the first time in history, while 10-year JGB yield hit record low near 0.255%.”
“Dollar/Yen moved below ¥118 handle after Japan trade balance data, then traded back higher to about ¥118.40 in later Asian session, on stronger Dollar across the currency board.”
Key Quotes
“Japan released November adjusted current account figure at surplus of ¥915B, beating consensus of ¥693B, also marked 7th consecutive surplus.”
“Trade balance for Japan was at a deficit of ¥637B, a smaller deficit than ¥734B expected, also the smallest trade deficit for Japan in 5 months.”
“JGBs moved higher on today's session amid BoJ buying. Yield for 5-year JGB dropped to zero for the first time in history, while 10-year JGB yield hit record low near 0.255%.”
“Dollar/Yen moved below ¥118 handle after Japan trade balance data, then traded back higher to about ¥118.40 in later Asian session, on stronger Dollar across the currency board.”