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USD/JPY going to make it? - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman reminds us that Japan reported a smaller than expected August trade deficit.

Key Quotes

"Japan reported a smaller than expected August trade deficit. The JPY948.5 bln deficit was about 8% smaller than expected, and down slightly sequentially from July."

"Exports fell half as much as expected (-1.3% vs. consensus -2.6%). Imports fell a little more than expected (-1.5% vs. consensus -1.2%)."

"The dollar is trading at new 6-year highs against the yen, approaching JPY109. The weakness of the yen is helping lift Japanese shares."

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NZD/USD back above 0.8100

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