Yen declines after soft growth data while dollar remains steady
The Japanese yen fell on Monday after weak GDP data offset recent election gains. Meanwhile the dollar held steady as traders weighed potential Fed rate cuts.
Japan 
JP reported soft quarterly economic growth on Monday, with an annualised 0.2% expansion in gross domestic product. The release of these figures coincided with an immediate fall in the yen and a broad repricing within the foreign exchange (FX) market, affecting trading centers such as Singapore 
SG. This development has shifted short-term rate and currency expectations, altering market sensitivity to incoming data ahead of major central bank decisions in both Tokyo and Washington.
JP reported soft quarterly economic growth on Monday, with an annualised 0.2% expansion in gross domestic product. The release of these figures coincided with an immediate fall in the yen and a broad repricing within the foreign exchange (FX) market, affecting trading centers such as Singapore SG. This development has shifted short-term rate and currency expectations, altering market sensitivity to incoming data ahead of major central bank decisions in both Tokyo and Washington.
