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22 Apr 2015
Japan posts 1st trade surplus in 33 months – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team, comments on the key developments in the Japanese market – March trade balance data release and speculation surrounding BoJ cutting its inflation forecast.
Key Quotes
“Japan March Merchandise Trade Balance: ¥229B V ¥44.6BE (1st trade surplus in 33 months); ADJ Trade Balance: ¥3.3B V -¥409BE”
“Japan posted Mar Merchandize Trade Balance at a surplus of ¥229B, better than consensus of ¥44.6B, also marks the 1st trade surplus in 33 months.”
“During today's session, speculation that BOJ to cut FY15 inflation forecast has been circulated among press. This is in line with previous US press's report that BOJ to consider cutting this year's inflation forecast, and forecasts next FY inflation near 2%. USD/JPY traded little changed today after those comments.”
Key Quotes
“Japan March Merchandise Trade Balance: ¥229B V ¥44.6BE (1st trade surplus in 33 months); ADJ Trade Balance: ¥3.3B V -¥409BE”
“Japan posted Mar Merchandize Trade Balance at a surplus of ¥229B, better than consensus of ¥44.6B, also marks the 1st trade surplus in 33 months.”
“During today's session, speculation that BOJ to cut FY15 inflation forecast has been circulated among press. This is in line with previous US press's report that BOJ to consider cutting this year's inflation forecast, and forecasts next FY inflation near 2%. USD/JPY traded little changed today after those comments.”