Japans Stronger GDP at 1.2%

Japans GDP numbers came better than expected at 1.2% vs 0.9% expected reading. As the numbers came and still JPY trading against all majors especially against USD and GBP. As the market anticipate that BoJ will hike the 0.25bps interest rate on the back of stronger GDP numbers.

GBP/JPY - Yen trading stronger against GBP by nearly 180 pips.

USD/JPY - Yen trading stronger by nearly 93 pips on the back of stronger GDP data.