USD/JPY flows: GDP Revised Stronger

The headline Q3 GDP has been revised higher to 0.3% from 0.2% in the preliminary data. However, private consumption is revised lower to 0.7% from 0.9%, while CAPEX is revised higher to -0.1% from -0.2%. If you look past the detail, it could be supportive for our call of a December hike from the BoJ. Echoed by Japan's main opposition leader Yoshihiko Noda's call for gradual BOJ rate hikes.

USD/JPY is trading 0.05% lower at 149.89.