USD/JPY fades spike to 107.50, drop in S&P 500 futures hurts

Asian stocks are reporting gains, but the USD/JPY is not impressed. The currency pair failed to take out offers around 107.50 and fell back to 107.30
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China Trade Balance USD came in at $-4.98B below forecasts ($27.21B) in March

China Trade Balance USD came in at $-4.98B below forecasts ($27.21B) in March
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