Japan's final GDP in Q1 beats expectations

FXstreet.com (Barcelona) - The final read of the Japanese GDP q/q 1Q came at 1.0% vs 0.9% expected and 0.9% last. The GDP deflator y/y 1Q also came better-than-expected at -1.1% vs -1.2% expected, -1.2% last. Meanwhile, the final GDP annualized 1Q stood at 4.1% vs an expected 3.5% and 3.5% last. The Japanese current account in April sae Y750.0B vs. ¥350.0B expected and a prior read of 1251.28B. The trade balance BOP Basis in April came at -818.8B, vs -¥729.9B expected and a prior of -¥219.9B.

Flash: Buy USD dips again despite QE tapering not imminent - UBS

Despite the US Dollar lost significant ground last week, it is no surprise that Mansoor Mohi-uddin, Head of FX Strategy at UBS Macro Research sees the deterioration in value as an opportunity to buy the currency.
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