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
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Negative yielding government bonds – What are they telling us? Find out from @nickcawley1 here: https://t.co/F6JuhmrvPT https://t.co/ZzbHAVT6RE
  • LIVE IN 30 MIN: In this session, Currency Analyst @ZabelinDimitri will analyze the cross-asset impact of geopolitical risks affecting markets in the week ahead. https://www.dailyfx.com/webinars/146770987
  • Join @ZabelinDimitri 's #webinar at 11:30 PM ET/3:30 AM GMT to find out how geopolitical risk will affect the markets in the week ahead. Register here: https://t.co/hsULxMNOtM https://t.co/jdzRaFJnaa
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.20% Gold: 0.06% Oil - US Crude: -3.63% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/GqKRXlbHQc
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.42% 🇳🇿NZD: 0.30% 🇪🇺EUR: 0.07% 🇨🇭CHF: -0.04% 🇬🇧GBP: -0.24% 🇯🇵JPY: -0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/6yhR5FFtZw
  • LIVE NOW: Join DailyFX Senior Strategist @IlyaSpivak LIVE as he discusses the outlook for the financial markets in the week ahead! https://www.dailyfx.com/webinars/889679267
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.10%, while traders in US 500 are at opposite extremes with 68.84%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/gvtwxfEvLB
  • Japan coronavirus response package: - Increase subsidy rates for firms to stem job losses - Allow 1 year tax payment delay for virus-shaken companies - Cut property tax to zero for smaller firms (BBG) #JPY #coronavirus
  • - Internal political rifts in Eurozone, #OPEC may be biggest Euro & Brent catalysts this week - Revived North-South tension in Eurozone may cause delays as Riyadh and Moscow dig in heels https://www.dailyfx.com/forex/fundamental/article/special_report/2020/04/06/Euro-Crude-Oil-May-Suffer-From-OPEC--Eurozone-Political-Rifts.html #oott
  • Get your stock market basics right - what is the stock market and how does stock trading work? Find out here: https://t.co/JfAJLAtlsY https://t.co/PVAmCCDR8w
Chinese Trade Surplus Could Hint At Regional Growth, USD/JPY Higher

Chinese Trade Surplus Could Hint At Regional Growth, USD/JPY Higher

2013-09-09 01:15:00
Jimmy Yang,
Share:

Talking Points:

  • China reports better-than-expected trade surplus led by exports
  • Data hinting at the stabilization of industry on the mainland could lead to regional growth
  • Investors likely navigating towards risk-on sentiment; Carry-trades, Nikkei futures higher, Yen lower

Yen crosses traded higher at the open as data over the weekend reported a better-than-expected Chinese trade surplus. In August, exports grew 7.2 percent year-over-year to beat expectations for a more modest 5.5 percent. Imports slowed to 7.0 percent from 10.9 the previous month while economists had expected a slight uptick. This release likely reinforces recent data showing a stabilization of the Chinese economy. As the world’s second largest economy, a pickup on the mainland could translate to regional economic growth. Investors likely moved to capitalize on such expectations with risk-on positions that sent the safe-haven Yen lower. Indeed, Nikkei futures traded higher while the Japanese Yen fell lower.

(JPN225 vs USD/JPY 5-Minute Chart)

Chinese_Trade_Surplus_Could_Hint_At_Regional_Growth_USDJPY_Higher_body_Picture_2.png, Chinese Trade Surplus Could Hint At Regional Growth, USD/JPY Higher

USD/JPY (5-Minute Chart)

Chinese_Trade_Surplus_Could_Hint_At_Regional_Growth_USDJPY_Higher_body_Picture_1.png, Chinese Trade Surplus Could Hint At Regional Growth, USD/JPY Higher

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

News & Analysis at your fingertips.