USD/JPY Forecast: Yen Buoyed by Upbeat Japanese GDP Data
Japan’s gross domestic product expanded by 2.7% annually in January-March. Revised Japanese figures eliminated the reported technical recession in the second half of last year. The likelihood of global rate cuts later in the year has diminished. Today’s USD/JPY forecast is slightly bearish. Revised data on Thursday showed that Japan’s economy surpassed initial expectations and … Continued The post USD/JPY Forecast: Yen Buoyed by Upbeat Japanese GDP Data appeared first on Forex Crunch.
Japan’s gross domestic product expanded by 2.7% annually in January-March. Revised Japanese figures eliminated the reported technical recession in the second half of last year. The likelihood of global rate cuts later in the year has diminished. Today’s USD/JPY forecast is slightly bearish. Revised data on Thursday showed that Japan’s economy surpassed initial expectations and … Continued
The post USD/JPY Forecast: Yen Buoyed by Upbeat Japanese GDP Data appeared first on Forex Crunch.
