Since 1960, exports of high-technology products have been the primary driver of Japan's economic growth. Approximately 19% of overall GDP is accounted for by exports. Due to global trade tensions, exports decreased by 5.6% in 2019 compared to the previous year's record high. Among the most important exports were transport equipment (24% of total exports), motor vehicles (16%) machinery (20%), on the back of power generating machine and semicon machinery, electrical machinery (17%), which included semiconductors, integrated circuits, and electrical apparatus, chemicals (11%), which included plastic materials and organic chemicals, and manufactured goods (11%), such as iron and steel products, nonferrous metals and manufactures of metals. Japan's primary export partners were the United States (20%), China (19%), the European Union (12%), Germany (3%) South Korea (7%) Taiwan (6%) Hong Kong (5%) and Thailand (4%).
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 |
|
|
142.9522 -614 pips |
147.0314 +206 pips |
149.094 | |
| GBPJPY |
|
|
175.7791 -387 pips |
181.2944 -165 pips |
179.646 | |
| EURJPY |
|
|
148.8075 -710 pips |
156.3488 -44 pips |
155.905 | |
| AUDJPY |
|
|
91.7288 -231 pips |
94.8937 -86 pips |
94.038 | |
| CADJPY |
|
|
104.0828 -459 pips |
109.2117 -54 pips |
108.672 | |
| NZDJPY |
|
|
85.2256 -248 pips |
88.4125 -70 pips |
87.71 | |
| CHFJPY |
|
|
153.1668 -858 pips |
162.9835 -124 pips |
161.744 | |
| SGDJPY |
|
|
106.4842 -197 pips |
108.8722 -42 pips |
108.455 | |
| NOKJPY |
|
|
13.6084 +5 pips |
13.8068 -25 pips |
13.55386 | |
| ZARJPY |
|
|
0 -768 pips |
8.0397 -36 pips |
7.6831 |
