Japan Q1 GDP (second reading) 1.8% q/q annualized vs 1.3% expected

• Prelim was +2.1%
• Q4 was +0.8%
• Q/Q GDP +0.5% vs +0.3% expected
• Private consumption +0.3% vs +0.3% prelim and 0.0% in Q4

Separately, current account data for April showed a surplus of 3907B yen vs 3136B expected.

Overall, this is a good report and is supportive of the yen. All eyes are on intervention today with USD/JPY above 160.00.

This article was written by Adam Button at investinglive.com.