Asian Session – Yen weakens after softer GDP data out of Japan
Posted on February 13, 2017 at 8:18 am GMTThe yen weakened immediately after the release of Japan’s fourth quarter GDP report which showed growth of 0.2 per cent quarter-on-quarter, missing estimates of 0.3 per cent growth. The data suggested the Bank of Japan will likely leave its monetary policy unchanged for a longer period of time. The GDP figure came in lower despite a boost to exports from a weaker Japanese currency. The softer yen helped the dollar rise to a two-week high of 114.16 in early Asian [..]