The Japanese yen was little change today as the impact of the positive Revision of Japan’s gross domestic product battled with the influence of stimulus expectations.
Japanese GDP grew 0.2% in the second quarter of this year. While it was a slowdown from the previous quarter’s 0.7%, the final reading was better than the preliminary one that had showed no change at all. The report was helpful to the yen, but speculations about additional stimulus from the Bank of Japan did not allow the currency to profit from the positive data.
USD/JPY traded at about 101.61 as of 10:24 GMT today after opening at 101.73. EUR/JPY opened at 114.34 and rose a bit to 114.61.
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Post tags: Bank of Japan, EUR/JPY, GDP, Japan, USD/JPY, Yen
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