News & Analysis at your fingertips.

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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here: https://t.co/UTWxbnNz7M https://t.co/Q5Z63avFT9
  • 🇳🇱 Consumer Confidence (SEP) Actual: -28.0 Previous: -29 https://www.dailyfx.com/economic-calendar#2020-09-22
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.44%, while traders in EUR/JPY are at opposite extremes with 63.92%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/3GHqQCJAES
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.13% 🇯🇵JPY: 0.13% 🇬🇧GBP: 0.04% 🇨🇭CHF: 0.01% 🇪🇺EUR: -0.02% 🇦🇺AUD: -0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8b6rFvHNUQ
  • Heads Up:🇳🇱 Consumer Confidence (SEP) due at 04:30 GMT (15min) Previous: -29 https://www.dailyfx.com/economic-calendar#2020-09-22
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.93% Germany 30: 0.92% FTSE 100: 0.64% US 500: 0.04% Wall Street: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Zmv8UJJiwM
  • #Gold and #Silver are at risk of extending their slide from monthly highs as the lack of additional fiscal stimulus and rising geopolitical tensions underpin #USD https://www.dailyfx.com/forex/market_alert/2020/09/22/Gold-and-Silver-Vulnerable-on-Stagnating-Stimulus-Talks-USD-Resurgence.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $GC $SI $SLV $GLD https://t.co/jtRiglOqXy
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here: https://t.co/lAFyv1gM0P https://t.co/jFPoXSapC8
  • We start this week off with a threatening drop in risk assets. For the S&P 500, that would be an charged H&S breakdown. Is this the systemic shift that will transition to unquenchable momentum? I discuss that in today's video: https://www.dailyfx.com/forex/video/daily_news_report/2020/09/22/SP-500-and-EURUSD-Escalate-Debate-Even-Further-Was-That-the-Break.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/in3LfrNYrm
  • Heads Up:🇹🇭 Balance of Trade (AUG) due at 03:30 GMT (15min) Previous: $3.34B https://www.dailyfx.com/economic-calendar#2020-09-22
Japanese Yen Ticks Up As Final 4Q GDP Does The Same

Japanese Yen Ticks Up As Final 4Q GDP Does The Same

2017-03-08 00:47:00
David Cottle, Analyst
Share:

Talking Points

  • The final official look at Japan’s growth in the final quarter of the old year missed forecasts
  • However, it did beat the preliminary snapshot
  • Business spending also picked up

The Japanese Yen rose very slightly against the US Dollar on Wednesday as Japanese growth levels were revised higher, albeit not by much.

The ‘final’ official look at Gross Domestic Product numbers for the fourth quarter of 2016 showed an increase of 0.3%. That was just below the 0.4% rise which markets had expected, but above the preliminary rate of 0.2% released back in February. Compared to the same period the year before growth was 1.2%, above the 1% initially registered. However, it was still well below forecasts which had looked for a rise of between 1.4 and 1.6%.

Consumer spending was flat, as expected. The one unarguable bright spot was business spending. This was up 2% on the quarter, but the overall picture remains one of hesitant overall growth despite massive government stimulus efforts.

USD/JPY slipped to 113.79 after the data, from 113.94 just before it saw daylight.

Modest knock: USD/JPY

Japanese Yen Ticks Up As Final 4Q GDP Does The Same

Chart Compiled Using TradingView

The first quarter is getting very elderly now, how are the DailyFX analysts’ forecasts bearing up?

--- Written by David Cottle, DailyFX Research

Contact and follow David on Twitter:@DavidCottleFX

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

DISCLOSURES