Japanese Yen Rises, Government Bond Futures Decline as Q2 GDP Growth Exceeds Expectations
Deep News
Aug 15
The Japanese yen gained modestly against the U.S. dollar while Japanese government bond futures declined slightly following the release of better-than-expected second-quarter economic growth data. The USD/JPY pair weakened to 147.72, while Japanese government bond futures dropped 11 points to 137.86. The Nikkei index climbed 0.6% to close at 42,906.73 points.
The Japanese government reported on Friday that second-quarter GDP expanded at an annualized rate of 1.0% quarter-over-quarter, significantly surpassing economists' forecasts of 0.4% growth.
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