Japan: Larger than expected August trade and current account figures - BBH

Research Team at BBH, notes that the Japan reported a larger than expected August trade and current account figures. 

Key Quotes

“The dollar's rally that began on September 22 has seen only two losing sessions:  September 26 and October 7.  The dollar recovered its post-job data losses yesterday and returned briefly poked through JPY104 earlier today.  Last week’s high was recorded near JPY104.15 and last month's high was closer to JPY104.35. 

Japan's August current account surplus was a JPY2 trillion.  The median guesstimate was JPY1.5 trillion after JPY1.94 trillion in September.  This represents a nearly 25% increase from a year ago. The trade surplus was reduced as it typically is in August from July.  However, it was more than twice as big as expected at JPY243 bln.”