Published: 2024-05-22T05:42:39.000Z
USD/JPY flows: Can't keep it down

FX Analyst
2
Japan April Exports +8.3% y/y and Imports +8.3%
The latest trade data from Japan suggest domestic demand is seeing a rebound with import back to positive territory. Export to China and U.S. continue to grow close to double digit but export to E.U. has contracted for April. Yet, domestic economics data has captured little JPY traders' eyeballs. U.S. Treasury and JGB Yields are both higher for the session with 10yr JGB inch distance from one percent.
USD/JPY is trading 0.12% higher at 156.32.