China data dump: Economy's health check indicators upbeat across the board

China's GDP figures for the second quarter of 2016 came above expectations, printing +6.7% y/y vs +6.6% exp and 6.7% previous, with the m/m reading for Q2 coming at +1.8% vs +1.6% exp and +1.2% last (revised from 1.1%).

With regards to retail sales, the number was also bove expectations, standing at 10.6 vs 9.9% exp, with industrial production y/y at 6.2% vs 5.9% exp. In terms of new yuan loans, Juen showed 1380bn CNY, which is a major expansion vs 1000bn exp and 985.5bn last.Aggregate financing RMB stood at 1630bn vs 1100bn exp and 659.9bn last. Money supply M0 was 7.2% y/y vs 6.1% exp and 6.3% last. Money supply M1 stood at 24.6% vs 22.6% exp and 23.7% prior.

The data served as a bullish input for the Australian Dollar while hit the Yen with further negative sentiment as 'risk-on' flows return, sending equity markets higher across Asia.  USD/JPY is last at 106.20, with AUD/JPY reaching 81.00.