Japans Gross Domestic Product Q4 +1.3% QoQ vs. expected 1.4%, yen ignored the data, focus on Russia

Ross J Burland FXStreet

Japans Gross Domestic Product preliminary for the fourth quarter arrived 2021 +1.3% QoQ vs. expected 1.4%.

The markets are instead fixated on geopolitics so the data had no effect on the price of the yen. The probabilities of an imminent attack on Ukraine were higher on Monday after President Volodymyr Zelenskiy urged Ukrainians to fly the country's flags from buildings and sing the national anthem in unison on Feb. 16, a date some Western media have cited as the possible start of a Russian invasion. The yen picked up a bid on the sentiment.

USD/JPY is thrown around on interpretations of Ukraine's Feb 16 Russian invasion

About Japan GDP

The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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