Favorable macroeconomic statistics from Japan

21.01.2021

According to the data of government, Japan’s exports rose for the first time in two years in December due to supply to China. Features of the Ministry of Finance showed that Japan’s exports rose 2.0% in December compared with a year earlier. By region, exports to China, which is the largest Japan’s trading partner, grew to 10.2% in the year till December because of pumping of plastic, nonferrous metals and other raw materials. A recovery in exports may reduce the risk of a double-dip recession. This is a positive signal for the Japanese currency.

Investment idea: Sell 103.70 and take profit 103.30.