Friday, September 10, the morning came the news about the economy of Japan. Gross domestic product in real terms for the II quarter of 2010., On the final data, rose by 1,5% on the I quarter of 2010. recalculated for the year (annualized rate). This figure is aligned with the expectations of analysts.
In nominal terms (not adjusted for inflation) GDP in Japan in April - June 2010. decreased by 0,6% compared with the previous three months. GDP deflator in the II quarter of this year was a negative 1.7%, which indicates the persistence of deflationary pressure in the Japanese economy. Thus, players once again have the support to continue the game to strengthen the yen. And even if Japan's central bank lowered interest rates to zero, it is unlikely to greatly change the mood of investors: in order to receive the income from the yen, it is not necessary to invest in any instruments. At one yen each year to buy more and more goods (in contrast to the euro or the dollar).
However, the news of Japan's GDP has not yet had a noticeable impact on the currency market, as has coincided with the expectations of players. As a result, one dollar on Friday was worth 84 yen. But in the case of a sharp deterioration in investor sentiment yen could again make "protective" currency. It will update its quotes historical maximum.
