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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency:
  • Global stocks bounce back from recent pullback as key resistance levels lie ahead. Get your weekly equities forecast from @HathornSabin here:
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • Bitcoin (BTC) started the day on the front foot on the Twitter news before the latest China crypto ban hammered the market lower. Get your weekly crypto forecast from @nickcawley1 here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The US Dollar continues to push higher against ASEAN currencies after the FOMC rate decision. This leaves the USD/SGD, USD/THB, USD/PHP and USD/IDR outlook mostly tilted higher. Get your market update from @ddubrovskyFX here:
  • The US Dollar seems to be back on the offensive against its major counterparts, pressuring EUR/USD and NZD/USD lower as USD/JPY consolidates. USD/CHF surges past key resistance. Get your market update from @ddubrovskyFX here:
  • The Japanese Yen remains in focus with strength potential on risk aversion themes to go along with weakness on themes around higher rates. Get your weekly $JPY technical forecast from @JStanleyFX here:
Chinese Trade Surplus Could Hint At Regional Growth, USD/JPY Higher

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

Jimmy Yang,

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.