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.
Source:
Ministry of Finance, Japan
Category:
Balance of Trade
Units:
Billion
Details
Impact
High
Country
Currency
JPY
Latest Release
Previous
¥439.4B
Consensus
-¥47.7B
Actual
-¥635.4B
Next Release
Date
Oct 18, 20:50
Time left
27 days
Consensus
¥300B
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 |
|
|
107.6254 -195 pips |
109.9050 -33 pips |
109.574 | |
| GBPJPY |
|
|
146.9819 -273 pips |
150.7551 -105 pips |
149.708 | |
| EURJPY |
|
|
126.1004 -244 pips |
129.2535 -71 pips |
128.539 | |
| AUDJPY |
|
|
76.5231 -302 pips |
80.7185 -117 pips |
79.544 | |
| CADJPY |
|
|
84.1626 -151 pips |
86.6816 -101 pips |
85.675 | |
| NZDJPY |
|
|
75.6016 -130 pips |
77.6199 -71 pips |
76.906 | |
| CHFJPY |
|
|
116.3911 -175 pips |
118.8515 -71 pips |
118.142 | |
| SGDJPY |
|
|
80.2708 -83 pips |
81.5751 -48 pips |
81.1 | |
| NOKJPY |
|
|
12.6255 +4 pips |
0 +1259 pips |
12.59 | |
| ZARJPY |
|
|
7.6975 +29 pips |
7.9836 -58 pips |
7.407 |
