USD/JPY remains in the positive territory for the third successive day after registering over 0.5% gains on Thursday, currently trading around 159.60 during the Asian hours on Friday. However, the pair moves little due to thin trading activity amid the Good Friday holiday.
Royal Bank of Canada (RBC) analysts note Canada’s trade deficit widened sharply in February to CAD 5.7 billion, far above expectations, as both exports and imports jumped. They highlight one-off Gold imports, stronger equipment and consumer goods demand, and surging motor vehicle exports.
Lorie Logan, President of the Federal Reserve (Fed) Bank of Dallas, said that the Fed should not let balance sheets distract them from the main mission, she also claimed that the balance sheet growth isn’t bad if it meets the publics need at a speech in her bank on Thursday.