GDP weakens the Yen, the USD starts the week gaining

At the start of the trading week the Japanese Yen has lost some of its gains from the previous week. The GDP figures for the last quarter showed that the growth of the Japanese economy is not yet on solid ground, which brings the confidence of the investors. GDP rose last quarter by 0.6%, but was thus 0.3% lower than forecast and was therefore rather disappointing for investors. Additionally showed that industrial production continues to suffer from japan low capacity utilization and weak orders. The JPY has suffered losses in a row against all nahzu counterparts. The USD / JPY is currently up 0.61% recorded at a price of 96.84. The EUR / JPY pair recorded a current gain of 0.35% at a price of 128.85.

The U.S. dollar reported earlier this week once again slight gains. These are grounded in first line already on the expected numbers tomorrow to U.S. Retail Sales. This should, according to the forecasts, down for the fourth month in a row, and serve as a further argument in favor of speculation about an imminent reduction of bond purchases by the Fed. The USD is currently against the JPY posted a gain of 0.56% at a price of 96.79. The pair EUR/USD is currently at 1.3304, a decline of 0.29%.

Risk Warning / Disclaimer
The opinions of the author to market behavior do not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.