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Yen Rises After Imports, Exports And Trade Balance Reports

Following the release of imports, exports and trade balance data for the month of March, the Japanese yen advanced against major rivals during early Asian deals on Thursday. Japan posted a trade deficit of 82.55 billion yen in March, the Ministry of Finance said today. On annual basis, the current account surplus of 9.628 trillion yen.

Th report said that March imports rose 10.5 percent and exports expanded 5.9 percent on year.

At present, the yen is trading near 106.63 against the euro, 81.28 versus the US dollar, 130.25 against the British pound and 88.73 versus the Swiss franc.

by RTT Staff Writer

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