Quotes from Western Union:
- Better trade figures from Japan counterintuitively weighed on the yen by fanning risk appetite. Japan's trade gap was nearly 60% smaller than year ago levels, helped by a big jump in exports which soared 17% in January.
- The data offered concrete evidence of how the weaker yen and oil prices were starting to bear fruit for the world's No. 3 economy.
- Japanese stocks at one point overnight flirted with 15-year highs which tempered demand for safe havens like the yen.
Commentary
JPY review: Western Union
Quotes from Western Union:- Better trade figures from Japan counterintuitively weighed on the yen by fanning risk appetite. Japan's trade gap was nearly 60% smaller than year ago levels, helped by a big jump in exports w…
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