Japan's revised GDP strengthens BOJ hike outlook, sharpening focus on yen and Nikkei
Japan's Q2 GDP was revised up to 1.4% annualised, reinforcing expectations that the BOJ will hike to 1.25% on September 18.
Japan's Q2 GDP was revised up to 1.4% annualised, reinforcing expectations that the BOJ will hike to 1.25% on September 18.
Japan's revised Q2 GDP came in at 1.4% year-on-year, above the preliminary 1.1% estimate.
Japan's real wages rose 2.4% in July, seventh straight gain, while nominal pay hit 4.7%, fastest since 1997, supporting BOJ rate hike.
Japan's July 2026 average cash earnings rose 4.7% year-on-year, beating the 3.9% forecast, and real wages increased 2.4%.
Japan's Q2 GDP revision out today could sway BOJ September rate hike odds, currently at 80%.
Japan's GDP and China trade data due Tuesday; preliminary Q2 GDP missed expectations.
USD broadly weakened, led by yen surge; USDJPY fell 1.22% to 154.33 on rising BOJ rate hike bets. Oil climbed $1.22 on Middle East tensions.
Bitcoin held above $79,000 during a 3.7% yen rally, avoiding the 20% crash seen in 2024. Japan spent $94.6B on intervention.
USDJPY dropped 1.15% as yen strengthened on BOJ rate hike bets. Geopolitical tensions pushed oil prices higher. EUR and GBP fell modestly.
USD/JPY plunged as markets price in likely back-to-back BOJ rate hikes, with September now nearly fully priced.
USD/JPY bounced near the 155.00 support after Fed's Waller turned dovish; markets await the US NFP report for further direction.
Asian markets were directionless as traders awaited US payrolls, with currencies recovering and commodities steady.
Japan's household spending fell 3.6% in July from a year earlier, the biggest drop since January 2024. A September BOJ hike remains almost fully priced in, atβ¦
USD/JPY fell nearly 1% dropping back below 158 as yen strengthens on BOJ rate hike expectations and yield pullback.
Japan's services PMI hit 52.5 in August, supporting BOJ rate hike expectations amid sustained cost pressures.