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Japan's GDP beats estimates

FXstreet.com (Barcelona) - Japan's 1Q GDP came above market expectations, registering annual growth at 3.5% vs 2.7% expected. On a quarterly basis, Japan's Q1 GDP stood at +0.9% vs 0.7%. In nominal terms, Japan Q1 nominal GDP rose to +0.4% q/q vs +0.5% expected. Japan Q1 preliminary GDP deflator came at -1.2% y/y vs -0.9% expected).

Foreign bond investment last week decreased to ¥186.4B vs ¥301.2B prior. Foreign investment in Japan stocks last week rose to ¥878.8B vs ¥-26.2B. According to David Scutt, Treasury Dealer at Arab Bank Australia, "the move out of JPY-denominated assets into foreign stocks & bonds last week should be JPY negative..."

Japan Gross Domestic Product Annualized increase to 3.5% in 1Q from 1%

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Commodities Brief: Precious metals plummet as US Dollar adds to previous gains

It was another rough day for the precious metals bulls as gold and silver both finished sharply lower. After shrugging off early weakness, oil actually managed to finish the day in positive territory. The strength in the US Dollar Index most likely didn’t help matters, although the DXY did leak lower later in the afternoon to finish up 16 pips at 83.88 (highest close since early August 2012).
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