Japanese Yen Slipping On GDP Data With Chinese Yuan Rising

With Japan reporting a much deeper economic contraction than expected, the yen traded slightly lower on Monday, 17 FEB 2020 in Asia. The USD/JPY pair inched up 0.1% 109.81. The Cabinet Office reported that Japan’s GDP in the December quarter fell an annualized 6.3%, faster than the expected 3.7% contraction.

The drop following a revised 0.5% gain in July-September 2019, was the biggest since a 7.4% decline. This decline was wit....