Japan Q2 GDP Seen Steady at 0.5% as Inflation Nears BoJ Target
ING highlights market consensus for Japan’s preliminary Q2 GDP holding at 0.5% quarter-on-quarter, with private consumption as the main growth driver and inflation near the Bank of Japan’s target.
USDJPY
ING highlights that market consensus expects Japan’s preliminary second-quarter GDP to hold at 0.5% quarter-on-quarter. Private consumption is seen remaining the main source of growth.
Inflation is described as near the Bank of Japan’s target, keeping monetary policy expectations in focus.
The data points to a broadly stable near-term picture for the Japanese economy, without a clear fresh catalyst for the yen.
Source: FXStreet Forex News