The USDJPY currency pair is currently at a rate of 145.437. The second-quarter Gross Domestic Product (GDP) of Japan has shown improvement, rising by 1.5% compared to the expected 0.8% and the previous 0.7%. However, it remains slightly below the 145.50 mark.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- EA-FIX: Check out the details here. Download EA-FIX . EA-FIX is a non-grid HFT scalper.
- EA-GROWTH: High quality low dd EA using trend grids. Download EA_GROWTHJoin Our Telegram Group
Japanese economic growth came in as 1.5% QoQ versus 0.8% expected and 0.7% prior, per the preliminary readings of the second quarter (Q2) 2023 Gross Domestic Product (GDP) figures.
That said, the Annualized GDP rose to 6.0% versus 3.1% expected and 2.7% prior.
Further, GDP Deflator came in as 3.4% YoY, versus expectations of being unchanged at 2.0%.
Following the data release, Japanese government Official said, “Japan Private Consumption falls for first time in 3 quarters.”
The diplomat also added that Japan Q2 annualised real GDP growth for three straight quarters, fastest since Q4 2020. The Government Official also stated that the GDP Deflator posts fastest growth since Q1 1981.
The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative.
[/s2If]
Download Nehcap EAWe have two EAs that are operational on our LIVE accounts.
