The reading of Japan’s Q1 GDP recovered from 1.3% forecast to 1.0% QoQ, as well as -3.9% compared to -5.1% as per annual report. It has to be noted that the sign of economy recovery despite the coronavirus (COVID-19)-led emergencies in major prefectures, favor the Japanese yen (JPY). Separate figures portrayed that the wages rose [...]
Japanese yen is trading high compared to greenback which is due to the favorable data released today. The Industrial output of Japan has extended its gains in April as the manufacturers seem to be benefited from a recovery in appetite for capital goods, specially in key overseas markets. The Official data which was released on [...]
Japanese shares has made a gain on Friday, as a strong finish on the Wall Street made the traders to bet on cheap growth stocks, on the other hand stable U.S. interest rates also supported sentiment. On Thursday, Japan published the April Merchandise Trade Balance Total, which did post a surplus of ¥255.3 billion, although [...]
Today, USD/JPY is stepping into bullish moment and the yen seems to struggle as a response to the monetary policy meeting. The Bank of Japan (BOJ) left its monetary policy settings untouched following the conclusion of its two-day April monetary policy review meeting on Tuesday. Japanese shares looked to suffer on Tuesday as investors looked [...]
