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.

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
EUR/USD
Mixed
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
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • $AUDUSD, Australian govt. bond yields rising after #RBA minutes They mentioned a 1st step to tapering 'is likely to occur end of June' when TFF is likely to end They also said they may consider extending it amid deterioration in financial system, but signs are currently missing https://t.co/ROgYfwKOub
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here: https://t.co/rfwUWJfbz9 https://t.co/oeIXNNpty3
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.71% Silver: 0.07% Gold: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/fajhiQvAjU
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.32% 🇨🇦CAD: 0.18% 🇳🇿NZD: 0.17% 🇬🇧GBP: 0.05% 🇨🇭CHF: -0.06% 🇯🇵JPY: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LvVkeZyHsI
  • China's Xi: Will continue to cut negative list for inbound FDI -BBG
  • China's Xi: China will promote new type of international relations, will do more to help developing nations defeat Covid-19 -BBG
  • China's President Xi Jinping: Must uphold multilateral trading system with #WTO at core, pandemic makes clear must reject Cold War zero sum thinking -BBG
  • RBA Minutes: Monitoring housing borrowing, lending standards carefully. Data, CPI outlook will decide shift of YCC target to November-24 -BBG
  • Please join us at 11:00 PM EST/3:00 GMT for a webinar where you can prepare to trade AUD/USD in the week ahead. Register here: https://t.co/HEJ7X8ORFh https://t.co/MlJGSo4A3m
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9NAFmqV7Yl
Japanese Yen Declines After Trade Figures Miss Expectations

Japanese Yen Declines After Trade Figures Miss Expectations

Christian Lewis,

Talking Points:

  • The Yen declined against the US Dollar following poor Japanese trade balance figures
  • January’s trade balance was -¥1086.9b vs -¥625.9b expected and ¥640.4b previously
  • February’s FOMC minutes serve as top event risk for USD/JPY in the week ahead

See how retail traders are positioning in the majors using theDailyFX SSI readings on the sentiment page.

The Japanese Yen fell against the US Dollar as trade balance figures missed expectations. The data showed the nation’s trade balance for January was -¥1086.9b versus -¥625.9b expected and ¥640.4b recorded in December. This indicates that the nation sold fewer goods than it imported.

While there was an initial USD/JPY climb, the excitement seemed to dwindle rather swiftly as these figures have limited implications for BOJ monetary policy. With a rather quiet week ahead, the release of February’s FOMC meeting minutes will serve as top event risk for the USD/JPY pair.

Japanese Yen Declines After Trade Figures Miss Expectations

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

DISCLOSURES