Official data released on Sunday 19 July 2020, showed last month's unexpected fall of the Japan's trade balance. According to the report given out by the Ministry of Finance, the country's trade balance fell to a seasonally adjusted 0.13T, from 0.16T in the previous month whose figure was revised up from 0.10T.
Most analysts had expected the trade balance to spike to 0.35T last month. They might be reasons for such fall. One can say that the ongoing global pandemic contributed to that.
Traders seem to have attempted to control what goes on in the market. The real market makers can not be beaten, and so they make decisions that can not be altered by retail traders.
Trading CFDs is very risky, so therefore should be done with careful analysis. Trying to depend on only technical analysis will result in inadequate analysis. It is advisable to marry technical analysis with fundamental analysis.
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This news was of a moderate importance, and had a moderate effect on JPY (Japanese Yen) pairs.
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