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
Bearish
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
Bearish
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
Wall Street
Bullish
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
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
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
More View more
Real Time News
  • Heads Up:💶 Economic Sentiment due at 09:00 GMT (15min) Expected: 70.3 Previous: 67 https://www.dailyfx.com/economic-calendar#2020-05-28
  • Heads Up:💶 Industrial Sentiment due at 09:00 GMT (15min) Expected: -27 Previous: -30.4 https://www.dailyfx.com/economic-calendar#2020-05-28
  • Heads Up:💶 Consumer Confidence Final due at 09:00 GMT (15min) Expected: -18.8 Previous: -22.0 https://www.dailyfx.com/economic-calendar#2020-05-28
  • Merece la pena leer https://t.co/hzhMRkEUFu
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/9:30 AM GMT to learn about how you can become a better trader. Register here: https://t.co/WeWGKtdlyz https://t.co/4C1a33u95m
  • $GBPUSD: #China, #HongKong , #Brexit, todo pesa sobre #GBPUSD en su intento de superar 1.23 #trading https://t.co/NtCoq0K3MW
  • #Equities: US futures on the front-foot with market participants returning from their elongated break, which in turn sees the S&P 500 pierce the psychological 3000. Get your #equities market update from @JMcQueenFX here: https://t.co/7O447VkToZ https://t.co/t9KDTYEZsb
  • 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 76.88%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ylaacf3TiF
  • Heads Up:🇮🇹 Business Confidence due at 08:00 GMT (15min) Expected: 79 Previous: 89.5 https://www.dailyfx.com/economic-calendar#2020-05-28
  • Heads Up:🇮🇹 Consumer Confidence due at 08:00 GMT (15min) Expected: 88.5 Previous: 101 https://www.dailyfx.com/economic-calendar#2020-05-28
Forex News: USD/JPY Little Changed on Larger Trade Deficit

Forex News: USD/JPY Little Changed on Larger Trade Deficit

2013-02-20 01:08:00
Robin Leung,
Share:

The Takeaway:Japan’s Merchandise trade balance posted a larger trade deficit -> Weak demand from Europe while an increase in trading activities with China -> USD/JPY was little changed

Japan’s Merchandise trade balance posted a trade deficit of -¥1629.4B versus a revised trade deficit of -¥643.3B in December, came in worse than expectation set for -¥1379.6B.

Imports exceeded exports in January, in which imports increased by 7.3percent (YoY) while exports merely increased by 6.4percent (YoY). In particular, exports to European posted a -4.5percent decrease in January, which is the largest drag compared to exports to other countries. Demand from Europe is likely to remain weak amid a sluggish economic growth as well as the ongoing political issues. Meanwhile, imports from China rose 3.0 percent and exports to China rose 6.5 percent, signaling a mitigated territorial dispute between China and Japan.

The recent weakness in the yen may not have an immediate effect on the trade balance in January as merchants typically place their orders one to two months in advance. As a result, the trade balance from January onwards will provide further clarity for the Japanese trading activities. On the other hand, the weakness in the yen will increase the cost of import goods and may further widen he trade deficit.

The worse than expected trade balance did not faze forex traders as the direction of the yen is largely guided by comments from the Japanese government officials and the decision on the next BoJ governor.The USD/JPY is trading at 93.787 at the time of writing.

USD/JPY 1 Minute Chart

Forex_News_USDJPY_Little_Changed_on_Larger_Trade_Deficit_body_Picture_1.png, Forex News: USD/JPY Little Changed on Larger Trade Deficit

Charted Created by Robin Leung using Marketscope 2.0

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

DISCLOSURES

News & Analysis at your fingertips.