India, June 9 -- The Japanese yen strengthened against other major currencies in the Asian session on Monday, after data showed that an upward revision to Japan's first quarter GDP supporting the interest rate hike expectations.
Data from the Cabinet Office showed that Japan's gross domestic product was unchanged on a seasonally adjusted quarterly basis from the previous quarter. That beat forecasts for a decline of 0.2 percent following the 0.6 percent increase in the three months prior.
On an annualized basis, GDP was down 0.2 percent - also exceeding expectations for a decline of 0.4 percent following the 0.7 percent drop in the previous three months.
Capital expenditure was up 1.1 percent on quarter, missing forecasts for a gain of 1...