Pricing in for Japanese GDP announcement

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.