Monday, 8 March 2021

Gross Domestic Product, Japan

WHAT IT INFLUENCES: JPY and its subsequent pairs




WHAT'S HAPPENING: The Gross Domestic Product report released by the Cabinet Office shows the monetary value of all the goods, services, and structures produced in Japan within a given period. GDP is a total measure of market activity. It indicates whether the Japanese economy is growing or decreasing. A positive reading or a better than expected number is bullish for the JPY, while an negative reading is bearish for the JPY.

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