TODAY'S MARKET INTELLIGENCE
Japan's Five-Month Trade Deficit and Surging Oil Imports Pressure Yen; USD/JPY Remains in Range
English summary
During Wednesday's Asian session, USD/JPY traded near 158.10. Japan's September trade deficit was recorded at 536.6 billion yen, marking the fifth consecutive month of deficit, with crude oil imports surging 51.1% year-on-year. Finance Minister Katsunobu Kato stated there is no major disagreement between the government and the Bank of Japan on inflation outlook.
The English text is machine translated and may require verification against the Chinese version.
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