Today was published statistics on the trade balance of Japan the deficit of which was 0.21 trillion yen in April against an expected increase to 0.38 trillion yen. Lower oil prices reduced the volume of imports, and a fall in the yen was positively displayed on the volume of exports in the country. Imports of goods decreased by 4.2% while exports rose by 8.0%. It is worth noting that the increase in inflation in the US provoked a strengthening of the US dollar. Expectation of monetary tightening in the US and the soft policy of the Bank of Japan will lead to a further decline of the yen in the medium term.