JPY & AUD – Poor GDP Results From Japan

The JPY range traded going into the weekend as it maintained it rather high values. Early this morning the Japanese GDP reports were released and proved disappointing with a result of 0.1% compared to the estimated gain of 0.6%. Asian bourses have been largely negative reflecting their international counterparts. The AUD also range traded on Friday. Commodity prices have been rather volatile also the past week, Gold now finds itself inching towards greater value, but Crude Oil declined late in the week. Risk sentiment remains cautious and the JPY and AUD are under its tentative shadow.

Written by