The Japanese yen is climbing
|12/19/2016||Posted by BusinessMediaguide.Com under General World News||
The Japanese yen is climbing.
The currency is up by 0.6% at 117.2330 per dollar as of 7:53 a.m. ET.
Still, the yen has weakened significantly against the dollar since the election of Donald Trump in November.
Earlier, data from Japan’s Ministry of Finance showed the country’s trade surplus narrowed to 152.5 billion yen in November, down from 496.2 billion yen reported in October, as both imports and exports showed improvement.
“The sharp weakening of the yen has contributed to a rebound in the annual growth rate of trade values,” Marcel Theiliant, senior Japan economist at Capital Economics, wrote. “However, since imports are invoiced read more >>>