• Exports rise 10$ vs 9.7% expected
  • Imports rose 9.3% vs 3.3% exp.
  • Drilling down, Japan posted its first trade deficit with the EU on record

The good news is that exports improved but the deficit is the second-worst since Jan 2009 and one of the worst on record. Quick pop above 79.10 in USD/JPY that has faded.