Monitor JN Current Account to gauge currency demand shifts, crucial for Forex strategies.
This indicator is closely tied to the demand for currency; a growing surplus suggests that foreign investors are purchasing more of the domestic currency to conduct transactions within the country. The goods component does not affect this figure since it is a repetition of the Trade Balance data released approximately 20 days prior.
What it Measures
The measure represents the difference in value between imported and exported goods, services, income flows, and unilateral transfers for the reported month.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is considered favorable for the currency.
Source & Frequency
Ministry of Finance (latest release) - https://www.mof.go.jp/english/index.htm • This report is issued monthly, roughly 40 days after the conclusion of the month.
How Data is Derived
N/A
Also Known As
Adjusted Current Account
Acronym
N/A