What appears to be a good set of beats for the trade data ... but its a fall in the imports number to well below estimates that has set it up - which along with a miss in exports is not great news for Japan
Y 626.0n
- expected Y440bn, prior 797.3bn
adjusted Y 550.0bn
- expected Y114.9bn, prior 119.2bn
April exports at +7.8% y/y (March expected +8.7%, prior +2.1%)
- Imports +5.9% (expected +9.8%, prior -0.6%)
- a miss on both
Yen is little changed, this is not generally too much of an immediate forex mover
