Yen Mixed Despite Shrinking Trade Deficit

The Japanese yen was mixed today, rising against some majors, such as the US dollar and the euro, but falling against commodity currencies as well as the Great Britain pound. The decline of global stocks and domestic macroeconomic data were supportive of the currency, but that was not enough to bolster the yen sufficiently.
Japan’s trade balance deficit shrank to Â¥0.01 trillion in June down from Â¥0.62 trillion in May. Exports gained 4.8%. Imports declined by 4.4%.
USD/JPY declined from 107.94 to 107.73 as of 15:48 GMT today. At the same time, GBP/JPY edged up from 134.19 to 134.48, while its daily high was at 134.80 and its daily low was at 133.84.

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