Japan's second quarter GDP was revised from +0.1% to -0.1%. This barely makes a difference to Japan's overall economic situation, other than the fact that it puts it officially in recession (two consecutive quarters of declining GDP).
The yen remains relatively weak on these fundamentals, although technically USD/JPY has not been able to break the current resistance level. USD/JPY appreciation is held back by large spec short yen positions (see discussion) that cover as the yen hits certain levels.
|JPY per one dollar (source: Forexpros)|
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