USD/JPY little changed after the economic contraction data from Japan, JPY up a little

Even before Trump’s tariff war hit in full Japan’s economy shrunk:

• Japan Q1 GDp -0.2% q/q (expected -0.1%)

While everyone around the globe was cranking up exports ahead of the tariffs and jamming the pipelines to the us … Japan exports were -0.6% q/q.

As I post USD/JPY is showing just a touch lower, but not yet to a new session low:

This article was written by Eamonn Sheridan at www.forexlive.com.