Yen dips in Asia after shocking GDP gains

Yen dips in Asia after shocking GDP gains

On Monday, the Japanese yen sagged in Asia after better that expected GDP led market participants to back off on recent revenues because tensions on the Korean peninsula are still monitored and after China data demonstrated some weakness.

China’s fixed-asset investment edged up 8.3%, versus a 8.6% profit observed in July on year along with industrial output that gained 6.4%, missing a 7.2% revenue observed, while retail sales inched up 10.4%, versus a 10.8% profit observed.

Japan's second quarter showed a sudden 4..0% surge on year because investment in plant as well as equipment raised market sentiment for the sixth straight quarter of expansion, as official data issued on Monday revealed for the fastest tempo of surge since January-March 2015.

The currency pair USD/JPY hit 109.36, soaring 0.16% after the report.

New Zealand posted its retail sales leapt 2% during the second quarter, far surpassing a 0.7% leap observed.

The currency pair NZD/USD reached 0.7311, sliding 0.11%.

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