USD/JPY flows: Q1 GDP Revised Higher

The Q1 Japan GDP has been revised higher to -0.2% y/y. While it remained in contraction, the revision has shown private consumption gains 0.1% from 0%, which is a welcoming sign. The BoJ will likely got the green light to hike once the trade conflict with U,S. being settled as the current inflationary pressure is piling and the virtuous cycle of wage/consumption begins.

USD/JPY is trading 0.17% lower at 144.57.