Japan 2Q GDP growth revised up to 1.4% boosts yen
Overnight data revised Japan’s second-quarter annualized GDP growth to 1.4% from 1.1%. Mizuho’s Evelyne Gomez-Liechti said the upgrade supports prospects for higher Japanese interest rates and adds to yen strength.
1%, according to Mizuho's Evelyne Gomez-Liechti in a note. She said the revision adds to prospects of higher Japanese interest rates and gives the yen a further boost.