Adjusted Current Account (JPY) comes in at 2523.1B against 2981.2B consensus

The Adjusted Current Account for Japan was reported at 2523.1B yen. This figure came in below the consensus estimate of 2981.2B yen, representing a surprise of -15.4%. The previous period’s reading was 1396.9B yen.

Following the release, JPY pairs showed initial volatility. USDJPY initially rose by 12 pips within 5 minutes, then fell by 9.2 pips by the 15-minute mark. Similarly, GBPJPY initially gained 11 pips before declining 17 pips over 15 minutes. Other JPY crosses, including AUDJPY, CADJPY, CHFJPY, EURJPY, and NZDJPY, also saw initial gains followed by declines, with 15-minute moves ranging from -7.2 pips to -12 pips. These initial 15-minute moves are generally smaller than the median 1-hour moves observed after past Adjusted Current Account releases, which typically range from 7 pips to 11 pips across these pairs.