GDP was close enough to the hole for the market
If you were quick enough you might have squeezed 20 pips out of USDJPY on the release as it fell to around 120.80
In EURUSD you may have faired better in a 30 pip range, about 20 pips was the ballpark in GBPUSD
The number was around expectations and with no shocks in the underlying numbers. In the environment of the current Fed mindset, that may still be good enough. For the US economy it might not be such good news, though as I said it's open to sizeable revisions when further data emerges
The US is growing at 1.6% currently, is that enough raise rates?
Plenty to ponder
