Japan trade balance for October Y 285.4bn (expected Y 330.0bn)

Japan trade figures for Oct.

Japan trade balance for October Y 285.4bn

• expected Y 330.0bn surplus, prior Y 667.7bn

Adjusted trade balance Y 322.9bn

• expected Y 206.7bn surplus, prior Y 240.3bn

Exports +14.0% y/y

• expected +15.7% y/y, prior +14.1%
• Exports to China are the largest ever recorded (value terms)

Imports +18.9%

• expected +20.2% y/y, prior +12.1%
• the October result is the highest y/y since January of 2014

The focus is on German politics. the breakdown of coalition formation talks has een euro lower:

• EUR/USD update - lower after German coalition talks break down
• FDP walks out of Germany coalition talks