The Japanese Yen (JPY) is exhibiting weakness, depreciating by 0.5% against the US Dollar (USD) and underperforming relative to all G10 currencies, alongside the Swiss Franc (CHF). This decline appears correlated with the release of March trade data, which, while indicating a favorable balance, revealed a significant deceleration in both export and import growth. Trade negotiations between the US and Japan remain a key factor influencing the Yen’s performance. Recent discussions in Washington were reportedly productive, with no currency-related topics addressed. Further meetings are scheduled for later this month.
