The Private Banker Blog | Asia Quick Primer: Japan's Trade Deficit, China's House Prices And Germany's Producer Prices Rising | TalkMarkets
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Asia Quick Primer: Japan's Trade Deficit, China's House Prices And Germany's Producer Prices Rising

Date: Wednesday, October 20, 2021 6:49 AM EST

Japan released a trade deficit of about 622.76 billion yen slightly higher than previously with about 637.16 billion yen. The deficit still was able to retrace the USD/JPY while the dollar rises since about five days in the row.

China’s House Price index rose by about 3.8% with previously 4%, hence the inflation seem to slowing which strengthen the yuan. Yesterday China’s currency gained about 0.8% against the dollar. However, inflation seems to be more likely sector specific, according to researches. Guangzhou as one of the major cities in China, recorded the largest home price increase of 9.0 percent vs 9.8 percent in August.

Producer Prices in Germany accelerates to 118.30 points in September which should pressure the euro as of the rising prices.

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