We had some trade data from Japan with both exports and imports higher on the month, imports notably so:

And also machinery orders, better than expected in a welcome development (although this is a noisy data set):

USD/JPY is not doing a lot. Which is not surprising. Its being shoved around on developments impacting the outlook for both Federal Reserve and Bank of Japan policy (Fed rates down ... maybe eventually, and BOJ rates up .... also maybe eventually).

usdyen trade machine orders 22 May 2024 2