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Japan Balance of Trade
Between 1980 and 2010, Japan had consistently posted annual trade surpluses, resulted in an increase in its exports. After the Fukushima nuclear accident, the country was compelled to boost its purchases of fossil fuels and gas due to the weakening yen. As a result, the trade balance went from positive to negative in 2011. Japan's trade balance returned to surplus in 2016 and 2017, however, in 2018 and 2019, the country's trade balance swung back into deficit as a result of ongoing trade tensions between the United States and China, as well as the weak global economy. In 2019, Japan had the largest trade surpluses with the United States, Hong Kong, South Korea, Taiwan, Singapore, and the Netherlands. The countries with the largest trade deficits were China, Australia, Saudi Arabia, the United Arab Emirates, and Qatar.
A higher than expected figure should be seen as positive (bullish) for the JPY while a lower than expected figure should be seen as negative (bearish) for the JPY.
Forex Sentiment (JPY)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| USDJPY |
|
|
140.5762 -300 pips |
147.6173 -404 pips |
143.574 | |
| GBPJPY |
|
|
185.3485 -602 pips |
191.5096 -14 pips |
191.373 | |
| EURJPY |
|
|
157.5760 -583 pips |
163.8792 -48 pips |
163.401 | |
| AUDJPY |
|
|
88.9332 -299 pips |
95.1926 -327 pips |
91.927 | |
| CADJPY |
|
|
101.6202 -198 pips |
106.8843 -329 pips |
103.596 | |
| NZDJPY |
|
|
84.1160 -159 pips |
88.4056 -270 pips |
85.706 | |
| CHFJPY |
|
|
165.7945 -781 pips |
174.3136 -71 pips |
173.608 | |
| SGDJPY |
|
|
109.2940 +3 pips |
109.1835 +8 pips |
109.263 | |
| NOKJPY |
|
|
0 -1376 pips |
13.7260 +3 pips |
13.759 | |
| ZARJPY |
|
|
0 -767 pips |
7.8181 -15 pips |
7.670 |
News (JPY)
Japan Manufacturing PMI Inches Higher In April - Jibun
The manufacturing sector in Japan continued to contract in April, albeit at a slower rate, the latest survey from Jibun Bank revealed on Wednesday with a manufacturing PMI score of 48.5.
RTTNews | 4 days ago
Japan Nationwide Inflation Climbs 3.6% On Year In March
Overall consumer prices in Japan were up 3.6 percent on year in March, the Ministry of Internal Affairs and Communications said on Friday.
RTTNews | 9 days ago
Japan Exports Growth Slows More Than Expected
Japan exports growth weakened more than expected in March partly reflecting the impact of US trade tariffs, while imports recovered moderately, official data showed on Thursday. Exports increased 3.9 percent on a yearly basis in March, slower than the 11.4 percent rise in February, the Ministry of Finance revealed.
RTTNews | 9 days ago
