Published: 2025-06-18T00:47:55.000Z
USD/JPY flows: Trade balance Less Negative
FX Analyst
3
Japanese Exports for May -1.7% y/y, Import -7.7% y/y
The May Japanese trade balance come in less negative than expected. While export still contracts by 1.7% y/y, it fares better than estimate. However, import contracts stronger at 7.7%, continue to points toward soft private consumption on negative real wage.
USD/JPY is trading unchanged at 145.23.