News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Wall Street
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
More View more
Real Time News
  • ECB's Makhlouf says fears of excessive inflation are exaggerated $EUR
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here: https://t.co/1oeXWEsJkb https://t.co/7U3ZJR0kDB
  • Angola to cut November oil exports to lowest since at least 2008 - Angola exported 1.1mbpd of crude oil in September, according to Refinitiv
  • ECB's Kazaks - The 2% price target will not be met in the medium term - Inflation outlook likely to be revised higher
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here: https://t.co/eILWbFgHRE https://t.co/fs5IRP7MJy
  • ECB's De Cos says conclusion of FT report is incompatible with ECB guidance $EUR
  • 💶 Inflation Rate YoY Final (AUG) Actual: 3% Expected: 3% Previous: 2.2% https://www.dailyfx.com/economic-calendar#2021-09-17
  • 💶 Inflation Rate MoM Final (AUG) Actual: 0.4% Expected: 0.4% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-09-17
  • 💶 Core Inflation Rate YoY Final (AUG) Actual: 1.6% Expected: 1.6% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2021-09-17
  • Heads Up:💶 Inflation Rate YoY Final (AUG) due at 09:00 GMT (15min) Expected: 3% Previous: 2.2% https://www.dailyfx.com/economic-calendar#2021-09-17
USD/JPY Higher As Japan Trade Deficit Widens

USD/JPY Higher As Japan Trade Deficit Widens

Jimmy Yang,

THE TAKEAWAY:Japan’s July trade deficit widened more than expected > Could lead investors to expect more stimulus efforts from the BoJ to encourage growth > Investors also likely to weigh expectations on fiscal developments > USD/JPY Higher

The Japanese Yen traded lower against the US Dollar as Japan’s trade deficit widened more than expected to -1024.0 billion Yen in July. Imports grew 19.6 percent year-over-year and outpaced the 12.2 percent growth in exports. Although these rates of growth have not been seen since 2010, this data could still undermine Japan’s current recovery strategy and may lead investors to expect more stimulus from the Bank of Japan. However, investors will likely also have to weigh their expectations for monetary policy on developments on Japan’s fiscal front.

USD/JPY prices moved higher immediately after the release but did not move past 97.70. The pair then continued to move higher after Asian equities opened.

USD/JPY (5-Minute Chart)

USDJPY_Higher_As_Japan_Trade_Deficit_Widens_body_Picture_1.png, USD/JPY Higher As Japan Trade Deficit Widens

Source: FXCM Marketscope

New to Forex? Watch this video

Jimmy Yang, DailyFX Research Team

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

DISCLOSURES