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USDJPY Eyes Gains as Japan Widens Trade Deficit Past ¥1 Trillion

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The Story

News Summary

  • Japan's August trade deficit is projected to widen past ¥1 trillion due to surging commodity import costs amplified by a weak yen.
  • Despite solid export growth in autos and semiconductors, high oil and chip equipment purchases continue to exert structural downward pressure on the yen.
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USDJPY price history

156.10 +0.34% over the displayed period

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