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.


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