We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • Heads Up:🇦🇺 AUD RBA's Lowe Gives Speech in Sydney due at 22:05 GMT (15min) https://www.dailyfx.com/economic-calendar#2019-12-09
  • US Trade Representative Lighthizer and Trump adviser Kushner to fly to Mexico on Tuesday as part of effort to finalize #USMCA trade pact
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.26% Gold: 0.11% Oil - US Crude: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/q0FVtwWQqD
  • USD/CAD responded downtrend support AND resistance into the open of the month and the immediate focus is on a break of last week’s range for guidance.Get your $USDCAD technical analysis from @MBForex here:https://t.co/UMQy6VxK2i https://t.co/3vw7NWW0NG
  • What is the Strait of Hormuz? How is it the world's most important #oil checkpoint? Find out from @JMcQueenFX here: https://t.co/gRVxRWUnNQ #OOTT #CommoditieswithDailyFX https://t.co/djQFdGg2ew
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.95%, while traders in US 500 are at opposite extremes with 76.85%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/L77tlWSifj
  • RT @Schuldensuehner: Recession fears are over. Which might not be good, BBG‘s Authers writes. The last time Google Trends saw a peak in rec…
  • US Equity Close: $SPX -0.32% $DJI -0.37% $NDX -0.4% $RUT -0.4% $VIX +16.3%
  • Canadian #Dollar Outlook: $USDCAD Bears Emerge, but Can they Drive? https://t.co/FUQrFo5Eey https://t.co/ZAif9YLMxL
  • Stay tuned for my Nordic tech outlook for the week ahead: - #EURSEK Testing 8-Month Lows, Eyeing 2013 Uptrend - #GBPNOK Trading at 3-Year Highs: Correction Ahead? - #EURNOK Uptrend on Verge of Collapse - #USDSEK: Has the Pair Bottomed Out?
USD/JPY Falls, Nikkei 225 Gains After Japan GDP Statistics

USD/JPY Falls, Nikkei 225 Gains After Japan GDP Statistics

2016-02-15 01:32:00
Bradley A. Kearns,
Share:

Talking Points:

  • Yen stalled and then rallied against the US Dollar after Japan’s soft GDP data
  • Annualized GDP -1.4% (4Q P) vs -0.8% expected and the 1.3% revised prior
  • Stronger Yen has spurred traders’ speculation of future oncoming BoJ stimulus

See how retail traders are positioned in the Yen with the DailyFX SSI.

The Yen slightly fell and then quickly rallied against the US Dollar after Japan’s soft GDP statistics crossed the wires. The fourth quarter preliminary print was a contraction of 0.4 percent, lower than the -0.2 percent expectation and the prior’s reading of 0.3 percent growth. The annualized figure for the same period was a decline of 1.4 percent, worse than the -0.8 percent consensus forecast and the revised prior of 1.3 percent.

The Nikkei 225 index gapped higher when the Japanese stock market opened ten minutes after the news-flow. The safety-linked Yen has been strengthening since the beginning of the year due to risk aversion. The unit’s gains has caused the financial markets to speculate if the Bank of Japan will provide further stimulus in order to reach its 2 percent inflation target. A stronger currency may delay the time it takes for the BoJ to reach its objective. Traders’ forward-looking anticipation of oncoming central bank accommodative policy may have led to the equity index’s rally.

USD/JPY REACTION TO JAPAN'S GDP DATA

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.