USD/JPY hit hard after the terrible GDP figures, back under 143.50

USD/JPY has dropped to under 143.30. It was trashed even lower overnight and rebounded to 144:

We’ve had disappointing data this morning out of Japan, wage growth lagging CPI and household spenidng lower again

GDP for Q3 was revised to an even deeper contraction:

The annualized y/y was -2.9%. It’d be a very brave central bank tightening into such numbers.

Buckle up for a wild ride in USD/JPY into the end of the week:

And it’ll begin all over again come Monday!

This article was written by Eamonn Sheridan at Source