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Japan's trade deficit worsens again

FXStreet (Bali) - Japan's Merchandise Trade Balance for the month of February came at -800.3B vs ¥-590B expected and ¥-2,790B last, while Adjusted Merchandise Trade Balance was -1133.2bn vs ¥-890.0B expected an ¥-1,818.8B last. Exports (YoY) for February came at +9.8% vs +12.4% expected and +9.5% last, with imports (YoY) at +9% vs +7.4% expected and +25.0% last.

Japan Adjusted Merchandise Trade Balance missed forecasts (¥-890B) in February: Actual (¥-1133.2B)

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Flash: Adding Long USDJPY into FOMC - Nomura

Nomura Market Research Team looks to add longs USD/JPY spot exposure ahead of the FOMC, saying that US weaker data is now priced in to some degree and the risk-reward for USD may be skewed towards USD gains going into this week's FOMC.
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