JPY tumbles on trade data – Scotiabank
Source Fxstreet
Japanese Yen (JPY) is weak, down 0.5% vs. the US Dollar (USD) and underperforming all the G10 currencies along with its haven peer Swiss Franc (CHF).
US/Japan talks proceeding well
"The bulk of the yen’s losses appear to have coincided with the release of trade data for March, which showed better than expected balances but a notable (and worrisome) disappointment in growth of both exports and imports."
"Trade negotiations remain the primary focus for the yen at the moment, however, and this week’s talks in Washington are said to have been constructive. Negotiators reportedly did not discuss currency, and are planning to meet later this month."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
USD/JPY trades cautiously positive around 144.00 ahead of key US dataThe USD/JPY pair edges higher to near 143.90 during European trading hours on Thursday. The pair trades cautiously higher as the US Dollar (USD) ticks up ahead of the United States (US) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.
The USD/JPY pair edges higher to near 143.90 during European trading hours on Thursday. The pair trades cautiously higher as the US Dollar (USD) ticks up ahead of the United States (US) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.
Gold (XAU/USD) edges higher during the Asian session on Friday and looks to build on the overnight bounce from the vicinity of the $3,500 psychological mark.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Silver price (XAG/USD) has lost its nearly a 4.5% gain registered in the previous session, trading around $72.50 during the Asian hours on Wednesday.
When is the US President Trump’s speech at WEF in Davos and how could it affect EUR/USDUnited States (US) President Donald Trump is scheduled to deliver his speech at the World Economic Forum (WEF) in Davos after 13:00 GMT. Trump’s trip to Davos was delayed after Air Force One was forced to turn around due to a "minor electrical issue".
United States (US) President Donald Trump is scheduled to deliver his speech at the World Economic Forum (WEF) in Davos after 13:00 GMT. Trump’s trip to Davos was delayed after Air Force One was forced to turn around due to a "minor electrical issue".
Related Instrument
