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Japan Exports (YoY) registered at 4.2%, below expectations (4.6%) in September

Japan Imports (YoY) came in at 3.3%, above forecasts (0.6%) in September

• Prior was -¥242.B
• Exports +4.2% y/y vs +4.6% expected
• Imports +3.3% y/y vs +0.6% expected

There was a surprise rise in imports that kept Japan in a trade deficit.

• Exports to USA -13.3% y/y
• Exports to Asia +9.2% y/y
• Exports to EU +5% y/y
• Exports to China +5.8% y/y

This article was written by Adam Button at investinglive.com.

Japan Merchandise Trade Balance Total below expectations (¥22B) in September: Actual (¥-234.6B)

Investors will focus on Japan’s new government and key export data out of Tokyo.

Gold was down $10 a short time ago in early Asia-Pacific trading but steadied there and has since rebounded to unchanged since the NY close. We’re coming up on 9 am in Tokyo and 8 am in Beijing so the next few hours will be a big test. Gold was steady in Asian trade yesterday before the route started in Europe and (particularly) US trading.

This article was written by Adam Button at investinglive.com.

The biggest takeaway from the quarter was better-than-expected credit performance.

The USD/JPY pair attracts some buyers to six-day peaks near 151.90 during the early Asian session on Wednesday. The Japanese Yen (JPY) weakens against the US Dollar (USD) after dovish Sanae Takaichi was elected as Japan’s Prime Minister.

The New Zealand Dollar recovers some ground as Wednesday’s Asian session begins, yet it remains hoovering at around 0.5740 for the third straight day, below the 20-day Simple Moving Average (SMA).

Gold (XAU/USD) drifts lower on Tuesday after retesting its record high near $4,380 on Monday. The pullback comes as the US Dollar (USD) extends its recovery gains and traders lock in profits following an overextended rally.