worst than expected japan gdp but usdjpy falls dramatically to 95.93.
Japan's economy grows 0.6 pct qtr/qtr in April-June
Japan's economy grew 0.6 percent in April-June from the previous quarter, marking the third straight quarter of expansion, adding to growing signs the positive effects of premier Shinzo Abe's reflationary policies are spreading. The increase was smaller than a median market forecast for a 0.9 percent rise and followed a revised 0.9 percent expansion in the first three months of this year, data released by the Cabinet Office showed on Monday. The second-quarter gross domestic product (GDP) figure translated into an annualised increase of 2.6 percent, smaller than the median forecast of a 3.6 percent increase.