The surge in Japan's imports | 21 Oktober 2022

21 Oktober 2022, USD/JPY

The surge in Japan's imports

USDJPY trading plan:

Japan's imports grew more than 40% for a fifth straight month in September to hit the largest value on record as a slump in the yen aggravated already high fuel import costs, stoking fears of cost-push inflation. The surge in imports overwhelmed growth in exports, resulting in a 2 trillion-yen trade deficit and extending the run of shortfalls to 14 months, adding to downward pressure on the Japanese currency. Persistent deficits worsen Japan's terms of trade, causing a shift of domestic income overseas and undermining Japanese purchasing power. The weak yen may be inflating export value, but external demand is slowing down.

Investment idea: buy 150.10 and take profit 150.66.

David Johnson
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.