Japan Q2 GDP (Preliminary)
GDP Annualised SA (Q/Q): 1.0% (est 0.4%; prev –0.2%)
GDP Deflator (Y/Y): 3.0% (est 3.2%; prev 3.3%)
Business Spending (Q/Q): 1.3% (est 0.7%; prev 1.1%)
Net Exports Contribution to GDP: 0.3% (est 0.1%; prev –0.8%)
both consumption and capex have risen for those 5 straight quarters.
Both JGB futures and USD/JPY are dipping a little after the data:
USD/JPY dipping → While the GDP beat is modest, it still points to a slightly firmer domestic economy, which can be yen-supportive at the margin. This looks to have prompted some traders to trim short-yen positions, leading to a small dip in USD/JPY.
In short: better GDP=less dovish BoJ bias=higher yields, stronger yen.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about japan preliminary q2 gdp 0 3 q q expected 0 1 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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