Japanese trade balance

Sterling Jumps 2%, Naira Plunges 23%, and Rupee Falls, too

June 20, 2016

It looks like the murder of MP Jo Cox, who favored remaining in the EU, may not have been in vain.  A new poll suggests the pendulum of sentiment is swinging toward staying in the European Union, although the margin between the staying versus leaving remains too close to call. Nigeria’s naira hit an air pocket […] More

Expressions of Concern

February 18, 2016

St. Louis Fed President Bullard, who had previously been urging interest rate normalization, gave a speech warning that further rate hikes would be risky in light of the continuing decline of market-based indicators of expected inflation and because a buildup of unhealthy asset bubbles has become less probable. A member of the Bank of Japan’s […] More

Investor Resilience in the Face of Weak German, British and Japanese Data and a 3% Drop in Oil

January 25, 2016

The Japanese yen rose 0.4% against the dollar, and the Nikkei-225 index of Japanese share prices climbed 0.9% in spite of customs clearance data showing an 18.0% on-year plunge in imports and a 8.0% drop in exports.  From November to December, exports dived 3.8%, and imports plunged 4.0%.  The trade balance was in surplus by […] More

Investor Resilience in the Face of Weak German, British and Japanese Data and a 3% Drop in Oil

January 25, 2016

The Japanese yen rose 0.4% against the dollar, and the Nikkei-225 index of Japanese share prices climbed 0.9% in spite of customs clearance data showing an 18.0% on-year plunge in imports and a 0.8% drop in exports.  From November to December, exports dived 3.8%, and imports plunged 4.0%.  The trade balance was in surplus by […] More

Multiple Holidays Dampening Market Activity

May 25, 2015

British markets are closed today for the spring bank holiday. U.S. markets are closed for Memorial Day. A number of northern European markets including France, Germany, Denmark, Norway, Iceland, Austria, The Netherlands, and Belgium are shut too in observance of Whit Monday. The dollar traded under 1.10 per euro to a low of $1.0959 and […] More

Focus on Lessening Inflation

October 22, 2014

The latest monthly economic assessment from Japan’s government downgraded its view on consumer prices from “rising moderately” to “rising at a slower tempo recently.”  The overall view of the economy also was downgraded to “is on a moderate recovery, while weakness can be seen recently.” Australian third-quarter consumer price data revealed the smallest quarter-on-quarter rise […] More

Disappointing Economic Data from the Euro Area and Japan

March 21, 2013

Risk appetite is down.  The Cypriot banking crisis continues to fester.  Preliminary Ezone PMI readings for March were troubling.  Japan posted a record customs clearance trade deficit, and its all-industry index fell more than 1% in January.  British retail sales and New Zealand GDP released figures were bright spots, however. Equities in Europe have dropped […] More

Further Weakening of Japanese Yen

October 22, 2012

The dollar has climbed 0.6% against the yen but fallen by 0.4% versus the euro and kiwi, 0.3% against sterling, 0.2% relative to the Swiss franc and 0.1% vis-a-vis the loonie.  The Australian dollar and Chinese yuan are unchanged. The Hong Kong Monetary Authority sold local currency against the U.S. dollar, its first intervention since […] More

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