I posted on the Japanese data earlier:
- Japan preliminary Q2 GDP +0.3% q/q (expected +0.1%)
- the fifth consecutive quarter of GDP increase
- better GDP = less dovish BoJ bias = higher yields, stronger yen.
JPY has since gained:
- USD/JPY is circa 147.60 from early highs above 147.80
This article was written by Eamonn Sheridan at investinglive.com.