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Nov 15 - 09:55 PM

USD/JPY - Japan EconMin Optimistic As GDP Up, USD/JPY Unaffected

By Haruya Ida  —  Nov 15 - 08:05 PM

  • Japan Q3 GDP +5.0% q/q, +21.4% annualized, better than +4.4%, +18.9% eyed

  • Private consumption +4.7% q/q but CAPEX -3.4%, +5.1% and -3% eyed

  • External demand contribution to GDP +2.9%, +2.6% eyed, exports +7% q/q

  • EconMin Nishimura - Output gap remains, activity still half pre-COVID time

  • That said, economy picking up, comprehensive stimulus package to give boost

  • USD/JPY, JPY crosses unaffected by data, USD/JPY in 104.65-85 range, thin

  • BoJ expected to help government efforts in December, could up QE

  • See nT9N2CZ005, nT9N2CZ004, nT9N2HW00E, nL4N2HY2LT

  • For more click on FXBUZ


USD/JPY: Click here

Source:
Refinitiv IFR Research/Market Commentary

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