Final revision to Japanese Q1 GDP was released overnight and it was a pleasant surprise to the upside with the Capital Expenditure also posting a big gain.
GDP (YoY): 3.9% vs. 2.7% expected, 2.4% previous
GDP (QoQ): 1.0% vs. 0.7% expected, 0.6% previous
GDP Capital Expenditure (QoQ): 2.7% vs. 2.3% expected, 0.4% previous
There was minor selling in USD/JPY after the release on the prospect that no additional easing will be required anytime soon. The pair found support at Daily Pivot Point (125.27…
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