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Japan’s Gross Domestic Product has been released that was  expected to contract -1.2% in Q1, due to  the state of emergency constraining household activity over the quarter.

The data arrived as follows:

Japanese GDP SA (Q/Q) Q1: -1.3% (exp -1.2%; prev 2.8%).

GDP Annualised (Q/Q) Q1: -5.1% (exp -4.6%Q; R prev 11.6%).

More to come…

 

 

USD/JPY technical analysis

As per the prior analysis, USD/JPY Price Analysis: Bullish commitments tested at daily support, the price is ripening for an upside extension:

USD/JPY daily chart

4-hour chart

 

 

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