Asia Summary and Highlights 16 Feb
Japan Q4 Annualized GDP at 0.2%
Asia Session
The Q4 Annualized GDP for Japan is a miss at 0.2%. Despite returning to expansion from a contracting Q3, the growth missed estimate by far while the GDP deflator remain high. Net export remain strong but other areas, including private and public consumption are all sluggish. It suggest the choppy real wage has its tow on consumption. USD/JPY is trading 0.39% higher at 153.21.
Risk atmosphere is positive on Monday despite thin liquidity on Chinese New Year and U.S. holiday. U.S. major equity indexes are in the green with USD trading individually against majors. AUD/USD is trading 0.2% higher at 0.7008. NZD/USD is trading 0.08% lower while USD/CAD is unchanged. Else, EUR/USD is down 0.03% and GBP/USD is down 0.13%.