Posts Tagged ‘current-account’

Japan’s Current-Account Surplus Narrows on Soaring Imports; National Debt Hits ¥1.025 Quadtrillion

by Christopher Lemieuxon May 12, 2014 6:14 am BST
Japan’s current-account woes continue with the surplus shrinking more than expected by economists due to soaring imports before the April sales-tax hike, a three-percent bump higher to eight percent. The Ministry of Finance reported that the surplus shrank to only ¥116.4 billion, lower than the general forecast concensus of ¥347.7 billion. There was a ¥782.9 billion deficit on […]

GBPUSD Meanders Above 1.6750

by Christopher Lemieuxon April 21, 2014 1:48 am BST
GBPUSD meanders above 1.6750 after retracing from nearly a five-year high after employment data shows that the unemployment level in the United Kingdom fell to 6.9 percent, falling .3 percent from analyst expectations of 7.2 percent. Bullish traders on Sterling have seen GBPUSD gain 9.83 percent over the last year on hopes of an interest […]

USDJPY Outlook: Week of 3/31

by Christopher Lemieuxon March 31, 2014 2:48 am BST
The yen ending the week lower and gave USDJPY a big boost to close the week just below resistance at 102.81. The pair is looking more bullish as several signs on further yen depreciation remain on the horizon along with economic depreciation. The Bank of Japan (BoJ) has indicated that new stimulus will be pumped […]

Japan Reaches Another Current-Account Milestone Deficit

by Christopher Lemieuxon February 10, 2014 5:46 am BST
The Japanese current-account deficit hits another record milestone in December as imports continue to soar. According to the Finance Ministry, the current-account deficit widened from ¥592.8 billion in November to ¥639.6 billion. “Temporary factors are playing a large role in pushing the deficit wider,” said Takeshi Minami, chief economist at Norinchukin Research Institute. The yen futures […]