A bullish sentiment for the USD/JPY pair dominates on OpenBook, where the pair is currently trading at 79.98 while a similar bullish trend is being seen on the EUR/JPY pair, currently at 106.11. As markets have been primarily focused on the Greek drama, certain events have been quietly happening below investors’ radar. It was recently reported that the Japanese trade deficit rose to a record high last month, for the first time in several years as the government ratchets up imports of big ticket items needed to rebuild the infrastructure devastated after the March 2011 earthquake and tsunami. Read more
