Never miss a story from Sumit Roy

Subscribe to receive daily updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Sumit Roy

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

Japan’s trade balance surplus came in much higher than expected in July, increasing from the prior month despite expectations for a decrease. The total merchandise trade balance came in at ¥804.2B versus the ¥466.3B expectation and a revised ¥686.4B in June. The seasonally adjusted figures came in similarly, rising to ¥610.4B Yen in July from ¥514.5B in June, and above the ¥397.5B expectation. The culprit for the widening of the trade surplus was a larger month-over-month decline in imports than exports—imports fell 3.5%, while exports fell 1.4%. With the Yen surging to multi-year highs in recent sessions, the prospect for Japan’s export growth looks bleak in the near-term.