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Stocks, USDJPY Plunge After Dismal China Trade Data

Following an unexpected plunge in China's trade balance (to 6 month lows), US equity futures and USDJPY are tumbling as Yuan turmoil ripples through markets once again. Misses across the board in China trade data... China Yuan Exports -5.6% YoY (exp. +2.5%) China Yuan Imports +2.2% YoY (exp. +5.5%) China Trade Balance 278.35bn (exp. 364.5bn) China USD Exports -10.0% (exp.
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