Yen Jitters After Final GDP Disappoints

The Japanese yen rose against the US dollar but fell against such currencies as the euro and the Great Britain pound today as Japan’s economic growth failed to meet economists’ expectations.

Gross domestic product was finalized at 0.3% growth in the September quarter of this year, just half of the 0.6% growth rate predicted by experts. The GDP Deflator fell 0.2%, also two times worse than forecasts, which had promised a decrease by just 0.1%. As for positive news, the seasonally adjusted current account widened from ‎¥â€Ž1.48 trillion to ¥1.93 trillion in October, exceeding the median forecast.

USD/JPY dropped from 113.74 to 113.42 as of 11:00 GMT today. EUR/JPY ticked up from 122.30 to 122.40.

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