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Japanese Yen Softens After Disappointing GDP Growth

February 14, 2019 at 13:16 by Vladimir Vyun

Japanese coinsThe Japanese yen fell a bit after the release of a disappointing GDP report and was also under pressure from the risk-on market sentiment.

Japan’s gross domestic product rose 0.3% in the fourth quarter of 2018 from the previous three months. While it was a better result than the 0.7% decline registered in the third quarter, the increase missed the median forecast of 0.4%. The GDP Deflator fell 0.3%, year-on-year, the same as in the previous quarter and less than analysts had predicted — 0.4%.

USD/JPY traded at about 111.03 as of 13:03 GMT today, a bit above the opening level of 110.99. EUR/JPY was at 125.08, above the opening of 124.99 but noticeably below the daily high of 125.45.

If you have any questions, comments or opinions regarding the Japanese Yen, feel free to post them using the commentary form below.

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