Skip to Content
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
Yen Looks Through Local Trade Data to Focus on Stock Markets

Yen Looks Through Local Trade Data to Focus on Stock Markets

Ilya Spivak, Varun Jaitly,

Talking Points:

  • Yen unmoved by July’s better-than-expected trade balance figures
  • Japanese exports rose 13.4%, beating forecasts of a 13.2% increase
  • Trade with the EU and the US weakened compared with June data

Want to know what the number one mistake traders make when trading the Japanese Yen? We analyzed millions of trades to find out, read about it here.

The Japanese Yen was little-changed following better-than-expected trade balance figures for the month of July. The trade surplus narrowed to ¥418.8 billion. Analysts expected a larger drop to ¥327.1 billion. The seasonally adjusted measure proved to be even rosier, posting the largest one-month gain since February to print at ¥337.4 billion.

Exports added by 13.4 percent, topping expectations, while imports undershot analysts’ projections but still posted an improvement over the prior month. Looking at Japan’s key trading partners, sales to the US rose at a weaker pace than the prior month while those to Europe fell by a full percentage point.

The currency’s tepid reaction to the data may have reflected traders’ focus on its role within larger global risk sentiment dynamics, as noted in this week’s Yen forecast. Indeed, the Japanese unit had been rising against the backdrop of US shares’ sharp retreat from intraday highs and seemed too preoccupied with that to offer a discrete response to local statistics.

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