According to the latest official report published by Japan's official statistical office, the Japanese GDP gained 0.7% in quarter 2 2016. We remind you that the GDP growth has been accelerating for the 2nd consecutive quarter. At the same time, experts had anticipated a more moderate pace of GDP growth.
They say that the economic situation in Japan is improving and getting more stable. Still, we remind you that over the last 2 years, the Japanese economy has seen a lot of challenges. As a result, Japanese companies cut down on their investments. Under such circumstances, the Japanese authorities were forced to get down to economic stimulation.
And the stimuli seem to be working. The GDP has been growing since early 2016, which hints at a stable recover they expect in the near future. The amount of investments and the pace of economic growth are some of the key factors that are going to decide whether we are going to see the economic growth accelerating.
FOREX
Masterforex-V Academy experts report that the Japanese Yen keeps on trading against the US Dollar within the scope of a pretty wide range between 104.31 and 98.99. To be more specific, the price is now somewhere close to 102.70. The closest major level of support is the historical low located at 98.99. At the same time, the closest major levels of resistance are 104.31 and 107.46.
