The Japanese yen rose and Japanese government bond futures fell slightly in the second quarter GDP growth in Japan exceeded expectations.

The Japanese yen rose slightly against the US dollar, while Japanese government bond futures fell slightly following the release of Japan's second quarter economic growth rate exceeding expectations. The yen strengthened against the dollar to 147.72; Japanese government bond futures fell 11 points to 137.86. The Nikkei index rose by 0.6% to 42,906.73 points. The Japanese government reported on Friday that GDP grew by 1% on a seasonally adjusted basis in the second quarter, well above economists' forecast of 0.4%.