Japan data: September exports -1.7% y/y (expected +0.5%) & imports +2.1% (expected +3.2%)

Japan trade data misses estimates on both exports and imports. This is not encouraging data.

Exports to:

• China -7.3% y/y
• the EU -9% y/y
• the US -2.4% y/y

USD/JPY is not a lot changed, around 149.59.