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