USD / JPY
The Japanese yen did not vainly fight against the whole market, as we wrote in the review of May 17 ( see p .) - This morning, the dollar continued to strengthen and after a string of weak economic indicators in Japan, good data on the trade balance came out. The volume of exports in April increased from 2.2% YoY to 7.8% YoY, while imports increased from -0.6% YoY to 5.9% YoY, which eventually made up the trade balance, taking into account seasonal fluctuations of 0.55 trillion yen against 0.12 trillion in March and a forecast of 0.11 trillion yen. The trade balance, excluding seasonal fluctuations, amounted to 625 billion yen against expectations of 406 billion yen, and in March the figure was 797 billion. The Japanese Nikkei 225 index adds 0.46% against the Friday's decline of the American S & P500 by 0.26%. The leader of the market are Chinese indices, in particular, the Shanghai Composite shows an increase of 0.77%. We are expecting the yen at 111.70 and 112.10.
* The presented market analysis is informative and does not constitute a guide to the transaction.
