How far do you think traders will price in (if at all) for the Japanese GDP statement.
Do you think the dollar will drop for a short amount of time?
Despite the recession Japan entered the Japanese Yen strengthened. I think a lot worse was priced in and I also suspect the Bank of Japan meddled with the markets.
You are probably right.
It did not drop as much as I expected to. The BOJ must have doing a hell of a lot of purchasing just after that statement.