JPY Exports y/y comes in at 23.2% against 22.3% consensus
| Pair | Now | Since publish |
|---|---|---|
| USDJPY | — | — |
Japan’s Exports year over year came in at 23.2%, exceeding the consensus estimate of 22.3%. This print represents a 4.0% surprise relative to the consensus. The previous month’s figure was 19.3%.
Following the release, the Japanese Yen showed varied movement against major currencies over the initial 15 minutes. USDJPY moved -6.6 pips, while CHFJPY moved +5.4 pips. Other pairs saw smaller shifts, with AUDJPY up +0.7 pips, CADJPY down -0.1 pips, EURJPY up +1.2 pips, GBPJPY down -0.6 pips, and NZDJPY up +0.9 pips. For most pairs, these initial moves are small when compared to their median 1-hour moves after past releases. For example, USDJPY’s median 1-hour move is 7 pips, and CHFJPY’s is 6 pips. AUDJPY’s median 1-hour move is 8 pips, CADJPY’s is 4 pips, EURJPY’s is 6 pips, GBPJPY’s is 8 pips, and NZDJPY’s is 7 pips.