Japanese Yen Falls as Trade Balance Misses

Scattered 10,000-yen notesThe Japanese yen fell today after the nation’s trade balance missed expectations.

Japan’s trade balance posted a surplus of ?¥?0.13 trillion yen in May. It was a drop from ¥?0.16 trillion in April, while analysts predicted an increase to ?¥?0.35 trillion. The annual growth of exports was actually the fastest since 2015, but it was still below expectations.

USD/JPY rallied from 110.88 to 111.24 as of 13:22 GMT today. CHF/JPY rose from 113.91 to 114.32.

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