Yen rises despite slowing economic growth

The Japanese yen rose against the US dollar on Tuesday, despite the release of disappointing economic data in Japan.

Japan's GDP growth rose 2.8% in the last fourth quarter, down from 5.3% in the third quarter. 

The Japanese household spending fell 6.1% in January, compared to a 0.6% dip in December, while average income fell 0.8%.

The US House of Representatives will vote tomorrow on the $1.9 trillion Covid-19 relief package after it was approved by the Senate.

As of 20:00 GMT, USD/JPY fell 0.4% to 108.4, after hitting a high of 109.2 and a low of 108.4.