More risk on tonight…
Japanese GDP shrunk by 1.3% last quarter, which is much better than the -2.6 analysts had expected. Update: This breakdown of Japanese GPD makes it seem a little bit less than good than you might expect. One major positive driver of GDP was domestic TV demand, owing to a mandated digital switchover. And a 4.9% decrease in exports was the largest since Lehman.
The Nikkei is up 1.5%.
Meanwhile, the dollar continues its ascent against the Franc.