Published: 2025-08-20T05:21:51.000Z
USD/JPY flows: Trade data misses
FX Analyst
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Japan y/y Exports -2.6% vs -2.1% expected
The July Japan trade data is disappointing as export fell by 2.6% y/y, so as the 7.5% contraction in import. It seems to suggest tariff is showing a significant impact for export to the U.S. fell by 10%, compared to 3% dropp toward E.U. and China.
USD/JPY is trading 0.11% lower at 147.51..