Japan’s GDP explodes, and British wages surge, raising interest rate expectations😳

The situation in developed markets is completely different. Japan reported annualized GDP growth of up to 6% (vs. 2.9% expected), causing USD/JPY to break through 145. As the devaluation race continues, the RMB/JPY exchange rate remains at this year's high Order about 20. On the other side of the Atlantic, the UK's 3-month wage growth also reached 8.2% year-on-year, causing the market's pricing for the Bank of England's September meeting to rise sharply by 10 basis points, and the UK 10-year government bond yield increased again just before the UK was about to announce the CPI. It is back near the highs of last October's "mini-budget" period.

#日本 #美元 #日圆 #英国10年期国债 #CPI