Key news
– Japanese Q1 GDP beat expectations.
– Positive risk sentiment continued yesterday but Asian session has been mixed.
– Focus on CPI data and Fed speeches today.
Markets Overnight
Japanese GDP beat consensus expectations in Q1 rising 0.9% q/q boosted by private consumption growth and exports. Business investments were subdued suggesting that companies have remained somewhat cautious. Nevertheless, this cautiousness may change in Q2 as JPY has depreciated more than 20% versus USD over the past six months.
Click here to read the full report: FX Daily
Danske Bank