Forex - USD/JPY, EUR/JPY Flows: Strong GDP data in Japan with USD/JPY standing firm


 00:01 (GMT) 08 Dec

  [Forex Flows]

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USD/JPY, EUR/JPY Flows: Strong GDP data in Japan with USD/JPY standing firm (0100-VRKS-C01)

Japan revised 3Q GDP rose 2.5% (annualised) against an estimated 1.5%. The strong data did not move the Japanese Yen though. USD/JPY remains firmly supported above yesterday's high at 113.18. Good news everywhere overnight and USTs yield bid, expect USD/JPY to remain bid until NFP later. ASX going strong and Nikkei gaps up 0.70% on the open, weighing on JPY as well.


Forex - NZD/USD, AUD/NZD Flows: AUD/NZD bid despite trade miss


 06:51 (GMT) 07 Dec

 [Forex Flows]

Legislation just introduced to Parliament will prevent multinationals from avoiding tax by shifting profits out of New Zealand, Revenue Minister Stuart Nash said today. Kiwi the worst performer so far today among the majors, down close to 0.5% with NZD/USD near day low. Despite horrible trade balance data in Australia, Aussie remains firmer of the two as it recovers from beneath 1.10.


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