According to CoinMeta, the Japanese yen saw a slight increase on Monday, despite weak data from Japan. Traders are more concerned with the expectations of a delayed Fed interest rate hike. The yen rose by 0.2% against the US dollar, reaching 159.055, marking a second consecutive day of slight gains. Although Japan's economy grew at an annualized rate of only 1.1% in the April to June quarter, far below the expected 2.0%, external demand still contributed 0.5 percentage points to economic growth. Analysts believe that despite the poor data, the Bank of Japan's interest rate hike path will not change, as inflation remains above the target. The market's re-pricing of Fed policy risks is having a greater impact on the trend of the yen.