Japanese Preliminary GDP

Japanese Preliminary GDP

Japan’s preliminary GDP for the fourth quarter will be released at 01:50 MT time. Preliminary GDP is the earliest indicator of the country’s economic health. Therefore, it tends to have the biggest impact on the national currency. 

All in all, the reading should be fine: stronger December Nikkei PMI suggests that the overall rate of economic growth will have accelerated in Q4 from the 0.3% expansion seen in 3 months to September. JPY should appreciate on stronger data.

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