USD/JPY price did not do much by testing the psychological resistance 115.00 at the beginning of last week\u2019s trading, as the Japanese yen returned
Enter your emailUSD/JPY price did not do much by testing the psychological resistance 115.00 at the beginning of last week’s trading, as the Japanese yen returned to reap the gains.
Last year, Japan posted an average monthly trade deficit of 122.7 billion yen. In 2020, the average monthly trade surplus was JPY 32 billion. An average trade deficit of about 140 billion yen was recorded in 2019. However, during this period, Japan continued to run a current account surplus, driven not by trade in goods and services, but by the return on foreign investment.
Ironically, at a time when the United States, Europe, and many emerging market countries are grappling with price pressures, without energy and fresh food prices, Japan would be in deflation.
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