Everybody knows they (investors) want to buy high yielding currencies and the yen still seems like the best currency to sell to fund that.
The trade number at best leaves the dollar where it was and at worst sparks a substantial dollar decline.
If that's the way the world is, then that's fantastic, because if oil prices go down and the Iraq situation disappears, we're off to the races again. But I think that opinion is at worst naive and at best simply putting on a brave face.