JAPAN Q2 2018 preliminary GDP and July PPI data on 10.08.2018
- prior -0.2%
- Q2 GDP YoY 1.9% vs 1.4% exp, prior -0.6%, revised -0.9%
- capital expenditure QoQ 1.3% vs 0.6% exp, prior 0.3%, revised 0.5%
- Private consumption QoQ 0.7% vs 0.2% exp, prior -0.1%, revised -0.2%
- External demand QoQ -0.1% vs 0.1% exp prior 0.1%
- Price index YoY 0.1%% vs 0.0% exp, prior 0.5%
- July PPI MoM 0.5% vs 0.3% exp, prior 0.2%
- July PPI YoY 3.1% vs 2.9% exp, prior 2.8%
A global beat. Should keep JPY demand intact and put some upward pressure on those JGB yields. Maybe with some delay as the capital mkt opens at 9am Tokyo time, in 7 minutes.
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Good morning K, shorted USDJPY after the data, stop at 111.5.
I ‘m also short Chen Wu, and short EURJPY, and jobbing shorts in NZDJPY(the 73.40 looks like another decent break) and GBPJPY for smaller faster pips.
Despite the GDP deflator still being awfully slow at 0.1%, the rest are nice beats.
https://uploads.disquscdn.com/images/b2e4cd121899a06c2c6148e5c567a097945814e3faee7a7655d93a8d041ef943.png
Totally with you, and AUDJPY also broke 82 support. I’m looking to join you on the rest JPY long trades, wish you good journey if I can’t catch up. Have a nice day/sleep.