The Japanese Yen has trended higher against the US Dollar in Wednesday morning trade ahead of the release of second quarter GDP numbers on Friday. According to a latest Reuters survey of sixteen analysts, the Japanese economy is expected to have expanded at an annualized pace of 1.40% during the second quarter. In other economic news, the country’s balance of payments on the current account stood at JPY 1156.70 billion ($10.56 billion) for June, below the JPY 1222.20 billion Yen that investors were expecting. However, the trade balance component rose to JPY 826.80 billion, compared to a shortfall of JPY 303.80 billion recorded a month prior.
S&P 500 Nears Record High
Daily Analysis - 08/08/2018