JPY Trade Balance comes in at -634.5B against 287.1B consensus
| Pair | Now | Since publish |
|---|---|---|
| USDJPY | — | — |
Japan’s Trade Balance for August 2026, released on 2026-08-19 at 23:50 UTC, came in at a deficit of -634.5B JPY. This figure was significantly wider than the consensus expectation for a 287.1B JPY surplus and also a deterioration from the previous month’s deficit of -406.9B JPY. The actual print represented a -321.0% surprise versus consensus.
Initial market reaction across JPY pairs showed varied movements. USDJPY moved -1.1 pips after 5 minutes and -6.6 pips after 15 minutes. GBPJPY moved -1.7 pips after 5 minutes and -0.6 pips after 15 minutes. EURJPY moved -0.9 pips after 5 minutes and +1.2 pips after 15 minutes. CADJPY moved -1.0 pips after 5 minutes and -0.1 pips after 15 minutes. These initial 15-minute movements are generally smaller than the typical median 1-hour moves observed after past Trade Balance releases, which range from 4 pips for CADJPY to 8 pips for AUDJPY and GBPJPY.