Friday’s trade saw GBP/JPY within the range of 182.46-183.44. The
pair closed at 182.88, losing 0.20% on a daily basis and extending
losses from Thursday. The cross appreciated 0.82% for the whole week,
which marked the third consecutive weekly gain. On Monday (February
16th) GBP/JPY may be influenced by a number of fundamentals, as listed
below.
Fundamentals
Japan
Gross Domestic Product – preliminary estimate
Japan’s preliminary annualized GDP estimate probably showed a 3.7% growth during the fourth quarter last year, according to the median forecast by experts. The nation’s economy contracted at an annualized rate of 1.9% in the third quarter, according to final data released on December 7th, after posting a 7.3% negative growth in Q2. The latter has been the most considerable annual drop since Q4 2008, when Japanese economy shrank at a rate of 15.2%.
On a quarterly basis, the preliminary GDP probably pointed to a 0.9% growth in Q4, according to expectations. In Q3 economy shrank 0.5%, according to the final estimate, down from a preliminary estimate of a 0.4% contraction, as capital expenditure dropped more than previously estimated and public demand was weaker. Private demand declined 0.9%, subtracting 0.7 percentage point from the overall growth. Capital spending was 0.4% lower, down from a 0.2% drop reported in the preliminary reading, subtracting 0.1% from the GDP number. Public demand increased 0.5%, down from a 0.7% gain reported in the preliminary reading, adding 0.1% to the overall growth, according to the report by the Japanese Cabinet Office.
Read more at Click here / www.trade4x.net
Fundamentals
Japan
Gross Domestic Product – preliminary estimate
Japan’s preliminary annualized GDP estimate probably showed a 3.7% growth during the fourth quarter last year, according to the median forecast by experts. The nation’s economy contracted at an annualized rate of 1.9% in the third quarter, according to final data released on December 7th, after posting a 7.3% negative growth in Q2. The latter has been the most considerable annual drop since Q4 2008, when Japanese economy shrank at a rate of 15.2%.
On a quarterly basis, the preliminary GDP probably pointed to a 0.9% growth in Q4, according to expectations. In Q3 economy shrank 0.5%, according to the final estimate, down from a preliminary estimate of a 0.4% contraction, as capital expenditure dropped more than previously estimated and public demand was weaker. Private demand declined 0.9%, subtracting 0.7 percentage point from the overall growth. Capital spending was 0.4% lower, down from a 0.2% drop reported in the preliminary reading, subtracting 0.1% from the GDP number. Public demand increased 0.5%, down from a 0.7% gain reported in the preliminary reading, adding 0.1% to the overall growth, according to the report by the Japanese Cabinet Office.
Read more at Click here / www.trade4x.net
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