Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Yen Little Changed Following Positive Revision of Japan’s GDP

1,000-yen banknotesThe 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.


© NewsInspector for Forex News, 2016. | Permalink | No comment | Add to del.icio.us
Post tags: Bank of Japan, EUR/JPY, GDP, Japan, USD/JPY, Yen

Feed enhanced by Better Feed from Ozh



This post first appeared on Forex News, Latest Forex News, please read the originial post: here

Share the post

Yen Little Changed Following Positive Revision of Japan’s GDP

×

Subscribe to Forex News, Latest Forex News

Get updates delivered right to your inbox!

Thank you for your subscription

×