Published: 2025-05-21T00:56:19.000Z
USD/JPY flows: 10yr JGB yields reaches 1.5%
FX Analyst
2
10yr JGB yields reached 1.5%
Japan April exports +2% y/y, import -2.2% y/y
But trade balance dismay
The April Japanese Trade balance disappoints as it arrives to be negative. While export is steady at 2% y/y, import contracts 2.2% y/y. It continues to point to less foreign buying after the stockpile in Q4 2024 and weak private demand in Japan. There is also a wave of haven bids on earlier reports that Israel is planning to attack Iran's nuclear facilities.
10yr JGB yields have passed 1.5% and see USD/JPY trading 0.22% lower at 144.18.