Adjusted Trade Balance (JPY) comes in at -881.9B against 357.8B consensus
| Pair | Now | Since publish |
|---|---|---|
| USDJPY | — | — |
Japan’s Adjusted Trade Balance for July 2026, released at 23:50 UTC, reported a deficit of -881.9B JPY. This figure significantly missed the consensus estimate of a 357.8B JPY surplus. The actual print also marked a substantial decline from the previous month’s deficit of -90.4B JPY, representing a -346.5% surprise against consensus.
Following the release, JPY pairs showed limited movement in the initial 15 minutes. USDJPY moved -7.6 pips, while EURJPY moved -2.5 pips. GBPJPY saw a -1.2 pip change, and AUDJPY moved -1.0 pips. NZDJPY shifted -1.5 pips, CADJPY moved -1.8 pips, and CHFJPY saw a +0.1 pip change. These initial movements are generally small when compared to the typical median 1-hour moves observed after past releases, which include 8 pips for USDJPY, 6 pips for EURJPY, 8 pips for GBPJPY, 8 pips for AUDJPY, 7 pips for NZDJPY, 5 pips for CADJPY, and 6 pips for CHFJPY.