Nikkei: Weak yen finally pays dividends via ForexLive

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The Nikkei with a take on yesterday's trade data from Japan: Weak yen finally pays dividends

According to the article:

  • Favorable exchange rates appear to be producing a hoped-for upturn in Japanese exports
  • Export volume rose 3.9%
  •  Driving this growth was a 6.4% increase in U.S.-bound shipments of passenger vehicles, the first gain in nine months
  • U.S. auto sales have taken a turn for the better thanks to cheaper crude oil
  • Steel exports jumped …  increase in steel shipments to members of the Association of Southeast Asian Nations suggests that U.S. economic growth has helped lift sagging Asian demand for the metal

More here

USD/JPY is crabbing along near its Monday's highs in the early going here in Oz:

posted via ForexLive

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