The Japanese yen weakened to around 148 per dollar on Thursday after disappointing trade data fueled concerns of a technical recession. June’s trade surplus came in at JPY 153.1 billion, well below the JPY 353.9 billion forecast and JPY 221.3 billion from a year earlier. Exports dropped 0.5% YoY, the second straight monthly decline, mainly due to the fallout from U.S. tariffs.
These signs have heightened fears of another quarterly contraction for Japan.
Resistance is at 147.75, with major support at 146.15.
These signs have heightened fears of another quarterly contraction for Japan.
Resistance is at 147.75, with major support at 146.15.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.