The Japanese yen fell against virtually all of its most-traded peers today even as Japan’s trade surplus widened last month.
The Japanese trade balance logged a surplus of ¥0.37 trillion in January, up from ¥0.09 trillion in December. Both imports and export fell, month-over-month, but imports fell more. Year-on-year, exports were rising at healthy pace, suggesting robust demand for the country’s goods.
USD/JPY rose from 106.33 to 106.58 as of 10:19 GMT today, bouncing from the daily low of 106.09. EUR/JPY gained from 131.86 to 132.28.
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