Flash: Japan trade balance should reinforce weakening trend in Yen - RBS

FXstreet.com (Barcelona) - Japan recorded a wider than expected trade deficit in October, which according to Greg Gibbs, FX Strategist at RBS, "should reinforce the recent weakening trend in JPY."

Gibbs added that "while Bernanke may be keeping the USD from rallying much by emphasizing low rates for longer, the developments in Japan suggest JPY may weaken anyway as its inflation expectations rise and external balance deteriorates."