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Japanese Yen Falls as Trade Balance Misses

June 19, 2017 at 13:24 by Vladimir Vyun

Scattered 10,000-yen notesThe Japanese yen fell today after the nation’s trade balance missed expectations.

Japan’s trade balance posted a surplus of ‎¥‎0.13 trillion yen in May. It was a drop from ¥‎0.16 trillion in April, while analysts predicted an increase to ‎¥‎0.35 trillion. The annual growth of exports was actually the fastest since 2015, but it was still below expectations.

USD/JPY rallied from 110.88 to 111.24 as of 13:22 GMT today. CHF/JPY rose from 113.91 to 114.32.

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

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