Published: 2024-09-18T00:58:41.000Z
USD/JPY flows: Trade Data missed
FX Analyst
1
Japan August exports +5.6% y/y, expected +10.0%, imports +2.3% y/y, expected +16.6%.
The Japan August trade data has missed estimate from both ends. Export came in lower at 5.6% y/y with import showing more sluggish growth at 2.3% y/y against expectation of double digit growth. It seems to suggest Japanese growth in the third quarter will continue to be hindered by soft private consumption.
USD/JPY is trading 0.54% lower at 141.66.