Japan July Trade balance -231B JPY vs -50B JPY expected

Japan July 2018 Trade data on 16.08.2018

• prior 720B JPY
• Adjusted Trade balance -45.6B JPY vs prior 66.2B JPY
• Exports YoY 3.9% vs 6.3% exp, prior 6.7%
• Imports 14.6% vs 14.4% exp, prior 2.6%

Quite a miss on the exports, first impact of the tariffs on steel and aluminium?
Cars should still be in discussion ….

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K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

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