NForex News: Japan second quarter GDP figures disappoint expectations > Investors likely expect the BoJ to hold current pace of stimulus amid slower growth, looking towards US data > USD/JPY Lower The Japanese Yen strengthened against the US dollar as data showed Japan’s economy grew less than expected in the second quarter. The annualized quarter-over-quarter GDP growth came across at 2.6 percent on expectations for 3.6 percent. Consumer spending led the growth with a 0.8 percent year-over-year increase while business spending decreased 0.1 percent. This slowdown in growth may compel some investors to expect the Bank of Japan to do more to encourage economic growth. However, the lower USD/JPY after the release could indicate the market’s acceptance of the BoJ’s stance on monetary policy. The pair likely fell in a risk-averse move that saw captial move out equities and into the safe-haven currency. NForex Signals Alert for : EUR/USD , GBP/USD , GOLD , EUR/JPY , USD/CHF, AUD/USD, NZD/USD and Many More. Get More Forex Signals from NForex You must join us 1. Open Live Account nforex.ifxworld/en/open_live_account.php 2. Fund Your Account with as little a $30 ( Limited Offer) 3. Send your MT4 No: to us at n.forex2012@gmail 4. Add us on Skype : nforexteam 5. Add us on Yahoo!: nforexteam Thanks by NForex Team
Posted on: Mon, 12 Aug 2013 05:11:02 +0000
Trending Topics
Recently Viewed Topics
© 2015