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

Japanese Yen Retains Strength Despite Slowing Economic Growth

Japanese yen symbolThe Japanese yen retained its Strength against the vast majority of its most-traded peers even though macroeconomic data released over the Wednesday’s session in Japan was not that good.

Japan’s gross domestic product rose 0.1% in the December quarter from the previous three months, missing expectations of a 0.2% growth and slowing from the previous quarter’s revised growth of 0.6%. The GDP Deflator was unchanged, year-over-year, in line with expectations but also Slowing from the previous quarter’s revised 0.2% rate of growth. Despite the underwhelming data, the yen retained strength it demonstrated yesterday, though, surprisingly enough, not against the New Zealand dollar.

USD/JPY fell from 107.81 to 107.38 as of 11:50 GMT today, and its daily low of 106.83 was the lowest since November 2016. In the meantime, NZD/JPY edged up from 78.38 to 78.49.


© NewsInspector for Forex News, 2018. | Permalink | No comment | Add to del.icio.us
Post tags: GDP, Japan, NZD/JPY, 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

Japanese Yen Retains Strength Despite Slowing Economic Growth

×

Subscribe to Forex News, Latest Forex News

Get updates delivered right to your inbox!

Thank you for your subscription

×