Japan has recorded a sharpest contraction on record – shrinking an annualized 27.8% in April to June. This is a clear demonstration of the devastating impact that Covid19 has left on the third largest economy of the world. This would also mark the third straight quarter of contraction. On a quarter-on-quarter basis, GDP shrank 7.8% in April to June, compared with the median forecast for a 7.6% decline.
The yen was seen to be slightly weaker on the release of this announcement. Further buoyed by firmer US yield, the USD/JPY pair takes the bids near 106.62 and intraday high of 106.65
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
اترك رسالتك الآن