Japan revises Q1 GDP up to 4.1% (annualized) from an initial reading of 3.5% sending the Nikkei...


Japan revises Q1 GDP up to 4.1% (annualized) from an initial reading of 3.5% sending the Nikkei (EWJ, DXJ) up 3% in early trading. Also helping Japanese stocks is the weak yen (FXY), down 0.4% against the dollar to ¥97.95. Meanwhile, the BOJ begins a two-day policy meeting. Goldman's advice: Initiate "long positions in Nikkei September futures with a target of 14,500 and a stop on a close below 12,700." For what it's worth.
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Comments (6)
  • Interesting Times
    , contributor
    Comments (15142) | Send Message
     
    Ever wonder how Soros goes long on Japan and the market jumped 6% since it was published??

     

    Humm...
    9 Jun 2013, 10:11 PM Reply Like
  • Seth Walters
    , contributor
    Comments (675) | Send Message
     
    What is this going to do to JGB yields?
    9 Jun 2013, 10:16 PM Reply Like
  • justaminute
    , contributor
    Comments (1616) | Send Message
     
    Why not just call it 9.1%?
    9 Jun 2013, 10:28 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15142) | Send Message
     
    Anyone ever wonder how something gets revised up a half point plus??
    9 Jun 2013, 10:40 PM Reply Like
  • Bioalchemy
    , contributor
    Comments (175) | Send Message
     
    Japanese stocks very probably will run much higher in the short term again, and then, we will see how ugly artificial bull market can be.
    9 Jun 2013, 11:52 PM Reply Like
  • Bioalchemy
    , contributor
    Comments (175) | Send Message
     
    And I guess the editor did not read the Nikkei futures on Friday... It has already been up more than 3% then...
    10 Jun 2013, 01:30 AM Reply Like
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