We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.01%, while traders in US 500 are at opposite extremes with 74.95%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/GcEJ8EmT9O
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.78% 🇳🇿NZD: 0.45% 🇬🇧GBP: 0.42% 🇪🇺EUR: 0.35% 🇨🇭CHF: -0.04% 🇯🇵JPY: -0.51% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/DvaBAG6n53
  • UK PM Johnson says the UK are not compromising with the EU on fisheries and level playing field as position on those are fundamental $GBP
  • López Obrador hopes #USMCA will help tighten trade relationships between the US and Mexico. Get your currencies market update from @HathornSabin here: https://t.co/bZrUKSCGaS https://t.co/UWFdv7wCP0
  • Pronóstico $XAUUSD: el #oro consolida un canal ascendente hacia 1.750$ #gold #trading https://t.co/Tu8g57ZORD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.89%, while traders in US 500 are at opposite extremes with 75.00%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/jJf4VBBPOr
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.72% Gold: -0.03% Silver: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/HD3d67xvtz
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.93% 🇬🇧GBP: 0.57% 🇨🇦CAD: 0.45% 🇪🇺EUR: 0.34% 🇨🇭CHF: -0.10% 🇯🇵JPY: -0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/1d82miYwh3
  • Coming up at half past the hour: my weekly webinar on market #sentiment. Please join me if you can. You can sign up here: https://www.dailyfx.com/webinars/181540619?ref-author=essex&CHID=9&QPID=917711
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: France 40: 1.74% Germany 30: 1.12% FTSE 100: 0.88% Wall Street: 0.77% US 500: 0.69% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/1IbO8jbvOv
Export Driven Japan Takes Another Hit while BoJ to Continue Easing, Yen Unmoved

Export Driven Japan Takes Another Hit while BoJ to Continue Easing, Yen Unmoved

2012-10-22 03:15:00
Gary Kerdus,
Share:

THE TAKEAWAY: Merchandise exports contract by 10 percent, widening the deficit > Similar results, different day- BoJ continues to ease, trade figures oscillate > Yen little changed

The Japanese Yen was little changed as the export led economy saw a 10 percent reduction in goods leaving its ports during September while imports for merchandise products increased by 4.1 percent widening the merchandise trade deficit to 558.6 billion yen.

After the data release, Bank of Japan Governor Shirakawa said the central bank is conducting powerful easing and the economy is leveling off ‘more or less’. Moreover, Shirakawa said the BoJ will monitor the impact the European crisis may have on the economy.

Traders appeared to have very little reaction to slumping export figures and BoJ commentary as exports have been volatile since April of 2011, swinging between growth and contraction, and central bank policy makers have been conducting monetary easing for some time. Market participants appear to bid-up the Yen when risk aversion takes grip as the currency offers a safe-haven alternative to park cash.

USD/JPY, 1 Hour Chart

Export_Driven_Japan_Takes_Another_Hit_while_BoJ_to_Continue_Easing_Yen_Unmoved_body_Picture_1.png, Export Driven Japan Takes Another Hit while BoJ to Continue Easing, Yen Unmoved

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.