{"id":113837,"date":"2025-06-09T12:03:34","date_gmt":"2025-06-09T09:03:34","guid":{"rendered":"https:\/\/ironfx-com.wp-dev.int.theitops.net\/?p=113837"},"modified":"2025-06-09T12:03:49","modified_gmt":"2025-06-09T09:03:49","slug":"japans-gdp-rate-for-q1-comes-in-better-than-expected","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/fa\/japans-gdp-rate-for-q1-comes-in-better-than-expected\/","title":{"rendered":"Japan\u2019s GDP rate for Q1 comes in better than expected"},"content":{"rendered":"

Earlier on today, during the Asian trading session, Japan\u2019s GDP rate for Q1 came in better than expected. The better-than-expected GDP rate for Q1 may provide support for the JPY. On another note, according to a report by Bloomberg the US and China are set to resume trade negotiations today with heavy focus being placed on rare-earth minerals and advanced technology. Moreover, tensions between the two nations appear to be easing following the accusations from both sides that the other was not upholding the terms of their trade deal. Overall, should trade talks progress it may alleviate concerns over the resiliency of the global economy, which in turn could aid the US Equities markets.In tomorrow\u2019s Asian session, Australia\u2019s consumer confidence figure for June may of slight interest for Aussie traders.<\/p>\n\n\n\n

USD\/JPY appears to be moving in a sideways fashion after failing to clear our 145.25 (R1) resistance level. We opt for a sideways bias for the pair and supporting our case is the RSI indicator below our chart which currently registers a figure near 50 implying a neutral market sentiment. For our sideways bias to continue we would require the pair to remain confined between the 142.25 (S1) support level and the 145.25 (R1) resistance line. On the other hand for a bearish outlook we would require a clear break below the 142.25 (S1) support level, with the next possible target for the bears being the 139.85 (S2) support line. Lastly, for a bullish outlook we would require a clear break above the 145.25 (R1) resistance line, with the next possible target for the bulls being the 147.40 (R2) resistance level.<\/p>\n\n\n\n

XAU\/USD appears to be moving in a sideways fashion after breaking below our upwards moving trendline which was incepted on the 15th of May. In addition to the RSI indicator below our chart which currently registers a figure near 50, implying a neutral market sentiment. For our sideways bias to be maintained we would require the precious metal\u2019s price to remain confined between the 3240 (S1) support level and the 3385 (R1) resistance line. On the other hand, for a bullish outlook we would require a clear break above the 3385 (R1) resistance line with the next possible target for the bulls being the 3500 (R2) resistance line. Lastly, for a bearish outlook we would require a clear break below 3240 (S1) support level with the next possible target for the bears being the 3115 (S2) support line.<\/p>\n\n\n\n

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In an easy going Monday we note that ECB\u2019s board member Elderson speaks, while in tomorrow\u2019s Asian session, we get Australia\u2019s consumer confidence for June and Business conditions and confidence indicators for May.<\/p>\n\n\n\n

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On Monday, we make a start with Japan\u2019s revised GDP rates for Q1 , followed by China\u2019s PPI rates for May and CPI rates also for May, followed by the Czech Republic\u2019s unemployment rate for May, the Eurozone\u2019s Sentix index figure for June and China\u2019s trade data for May. On Tuesday, Australia\u2019s consumer sentiment figure for June, the UK\u2019s employment data for April, Sweden\u2019s GDP rate for April, Norway\u2019s CPI for May and the Czech Republic\u2019s final CPI rates for May. On Wednesday we get Japan\u2019s corporate good prices rate for May and the US CPI rates for May as well. On Thursday we note the UK\u2019s GDP rates for April, industrial and manufacturing outputs both for April, followed by the US weekly initial jobless claims figure and the US PPI machine manufacturing rate for May. On Friday we get Japan\u2019s revised industrial output rate for April, followed by Germany\u2019s final HICP rate , Sweden\u2019s CPI rate and France\u2019s final HICP rate all for May, followed by the Zone\u2019s in<\/p>\n\n\n\n

USD\/JPY Daily Chart<\/strong><\/h2>\n\n\n\n
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