Yen Little Changed after Trade Balance, Bank Lending Data
Japan’s Current Account Surplus widened more than expected in December, rising to ¥1195.3B from ¥926.2B, better than the ¥1130B expectation. That is an increase of 30.5% from a year ago versus the 24.2% consensus estimate.
Separately, the government reported a 2.3% year-over-year increase in the M2 Money Supply for January and a 1.8% increase in the M3 Money Supply, both matching expectations. Meanwhile, Bank Lending fell by 1.8% year-over-year in the month.
As is typical, the Yen did not react to any of the data.
USD/JPY Intraday Chart:
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