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Japan trade deficit worsens

FXstreet.com (Barcelona) - The Japanese trade balance came lower-than-expected at ¥-880B vs ¥-621.1B expected and ¥-362.4B prior. The adjusted trade was even worse, standing at ¥-919.813B vs ¥-605.800B expected and ¥-921.976B prior.

The increase in the deficit came mainly due to higher imports in April (YoY) at +9.4% vs 6.7% expected and 5.5% last. Meanwhile, exports rose by +3.8%, below the 5.9% estimates and 1.1 % prior.

Japan Adjusted Merchandise Trade Balance increase to ¥-764.365B in Apr from ¥-919.813B

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The AUD/NZD traded in a narrow range, again finding bids below the 1.990 level and holding previous support to finishing the day up six pips at 1.9999
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