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Japanese GDP SA (QoQ) Q4 P -1.6% (est -1.0%; prevR 0.1%; prev 0.4%)

Japanese GDP SA (QoQ) Q4 P -1.6% (est -1.0%; prevR 0.1%; prev 0.4%)

 

Description

The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative.

FX implications

WTI Price Analysis: Probes 21-day SMA amid bullish MACD

WTI slips from the monthly top to $52.40 during Monday’s Asian session. In doing so, the pair confronts short-term resistance while staying above the
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Japan Gross Domestic Product (QoQ) below expectations (-0.9%) in 4Q: Actual (-1.6%)

Japan Gross Domestic Product (QoQ) below expectations (-0.9%) in 4Q: Actual (-1.6%)
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