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Japan's April exports rose 12.5% year on year while imports jumped 28.2%, a record import bill. The trade deficit was 839 billion yen, narrower than expected, as the weak yen inflated import costs for fuel and raw materials.
Record import volumes and a weak yen point to strong Japanese demand for imported fuel and feed inputs, supporting import prices.
asiafinancial.comGeorge RussellMay 19, 2022After 56 past neutral report events, Crude Oil (WTI) moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
