Japan trade balance for September Y -622.8bn

  • expected Y -519bn, prior Y -637bn

Trade balance adjusted Y -624bn

  • expected Y -108bn, prior Y -272bn

Exports +13.0% y/y for a beat

  • expected +11.0% y/y, prior +26.2%

Imports +38.6% y/y also for a beat

  • expected +34.4% y/y, prior +44.7%

Exports to the US -3.3% y/y

  • to China +10.3% y/y

Earlier in the session USD/JPY had risen steadily:

Its currently holding around those highs.