Flash: Japan's sales tax to plunge GDP in Q2 2014 - JPM

Japanese GDP will most likely plunge in Q2 2014(-4.5% q/q saar) when the new sales tax from 5% to 8% in April 2014 is implemented, as it has done following previous increases in 1989 and 1997, notes John Normand.
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Session recap: Big Chinese data, big Japanese data, but small movements in currencies

This Asian session has brought traders plenty of data off of which they could trade. But for all of the data and all of the short-term gyrations, the net results have been rather muted movements almost across the board for the major pairs.
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