Japan current account surplus
- Prior was 1.862 trillion
- The surplus was the fifth consecutive month with the trade balance showing a surplus.
- The current account surplus for June was 1.51 trillion yen ($10.6 billion), a growth of about 1 trillion yen from June of the previous year. This surpassed the predicted surplus of 1.395 trillion yen from a Reuters survey.
- Details:
- The trade balance showed a surplus of 328 billion yen due to trade gains growing by 1.4 trillion yen year-on-year.
- The primary income surplus reduced to 1.68 trillion yen, a drop of 167 billion yen from the same month the previous year.
High energy costs and a weak yen have impacted Japan's economy over the past year, especially as it relies on imported fuel and raw materials.
The USDJPY is trading down 2 pips from the close yesterday. The price remains below it's 100 hour moving average 142.618. The current price is trading at 142.47.
