Japan: Nov exports +6.1%y/y (expected +4.8%) Oct Machine orders +12.5%y/y (expected +3.6%)

Japan's recent trade and investment data has surpassed expectations, with November exports increasing by 6.1% y/y, well above the forecast of 4.8%. Additionally, October machine orders showed an impressive rise of 12.5%, again exceeding the expected 3.6%. These indicators suggest resilience in the Japanese economy, potentially offering a positive signal for investors. Furthermore, the Bank of Japan will begin a two-day meeting tomorrow. On Friday, they are expected to release a statement, followed by a press conference from Governor Ueda. The statement is anticipated to be issued between 0230 and 0330 GMT (2230 to 2330 US Eastern time), with a widely expected interest rate hike of 25 basis points from 0.5% to 0.75%. Such a policy shift could significantly affect the yen's exchange rate, prompting traders to closely monitor the developments for appropriate positioning.