Trading news

Japan's exports higher for another month

Japan's exports climbed, for the second consecutive month, in January, following the expectations that imports may rise, a softer yen, and the supportive worldwide economic recovery.

Japan's exports likely 4.7% higher

Based on a survey, the exports likely climbed last month 4.7% compared to a year earlier.

According to the Norinchukin Research Institute's chief economist, Takeshi Minami, the global economy resumed recovering due to the improved status of emerging economies.

Furthermore, the nation's exports' pace may have slowed down, but the rising trend resumes, due to the new year holidays period. The dollar climbed against the yen as high as 118.60, while lately trading at 113.30.

U.S. dollar recovers on optimism

The U.S. dollar traded higher versus its main counterparts today, following the latest optimism arriving from Yellen's, FED Chair, comments, and the better economic reports in place.

The EUR/USD stabilized at 1.0669. The Department of Labor in the U.S. stated that the initial jobless claims reached the 239,000 figure, rising 5000, differing from the estimations for appreciation to 245,000.

The GBP/USD remained at 1.2487, the USD/JPY reached the 113.43 zone, 0.14% higher, and the NZD/USD traded to 0.7189, 0.31% weaker.

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Friday, 17 Feb, 2017 / 2:06

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/japan-s-exports-higher-for-another-month

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