The Japanese yen dropped today, hurt by domestic macroeconomic data and the general market sentiment.
Japan’s gross domestic product growth in the first quarter of 2017 was finalized at 0.3% — the same as in the previous two quarters. The final reading was below the preliminary estimate of 0.5% and the predicted increase by 0.6%.
Meanwhile, markets disregarded the written testimony of former FBI director James Comey unexpectedly released on Wednesday, thinking it did not reveal anything new.
USD/JPY rose from 109.81 to 110.11 as of 12:09 GMT today, bouncing from the session low of 109.37. CHF/JPY was up from the open of 113.77 to 113.86 following the decline to 113.39.
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