Japan has published very optimistic trade balance.
Today Japan has released the very optimistic trade balance over the past month. The trade balance increased from -41billion yen to 693 billion yen. According to the seasonally fluctuations the balance increased from 0.29 trillion yen to 0.33 trillion while waiting for the 0.24 trillion yen.
The exports rose from -11.3% to -7.4% (the forecast -11.6%). Nikkei225 stock index has grown by 0.15%.
Wednesday is an important day for the stock market of Japan -Mitsubishi Motors will publish their reports. It is expected that in connection with the scandal on the fuel economy of the company the profits have fallen by 70% ($ -37.7 billion) compared to the 1st quarter of this year.
How to trade
We would buy call options if the pair rises above 106.60. We would buy put options if the pair falls below 105.90.
Expiry time: 20:00 GMT