Adjusted Current Account (JPY) comes in at 1396.9B against 3421B consensus

Japan’s Adjusted Current Account for August 2026 was reported at 1396.9B. This figure came in significantly below the market consensus of 3421B, representing a -59.2% surprise. The print also marked a notable decrease from the previous period’s 3064.5B.

Following the release, JPY pairs showed limited movement in the initial 15 minutes. USDJPY moved -4.6 pips, GBPJPY moved -4.5 pips, and CHFJPY moved -3.7 pips. EURJPY saw a -3.2 pip change, while CADJPY moved -3.4 pips. NZDJPY was down -2.0 pips, and AUDJPY showed a -0.4 pip change. These initial moves are small when compared to the typical median 1-hour moves observed after past releases, which include 9 pips for USDJPY, 11 pips for GBPJPY, and 8 pips for AUDJPY.