JPY holding its features
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I posted on the Japanese information earlier:
- Japan preliminary Q2 GDP +zero.three% q/q (anticipated +zero.1%)
- the fifth consecutive quarter of GDP enhance
- higher GDP = much less dovish BoJ bias = increased yields, stronger yen.
JPY has since gained:
- USD/JPY is circa 147.60 from early highs above 147.80
This text was written by Aaron Cutchburt at investinglive.com.
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