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JPY Daily News
Government Lowers GDP Forecasts
Monday, 26 Dec 2011
The Japanese government lowered its current year GDP forecasts to -0.1% from +0.5%. For 2012 the estimates are more positive but the forecast was also lowered to +2.2%, down from 2.7-.2.9%. Japan will be one of the only major financial markets open today but liquidity is expected to be thin nonetheless.
Currently the USD/JPY has been pressing its trend line from the June 2007 high which comes in this week at 78.30. A close above here could find resistance at the post intervention high of 79.50.
Current Time: 05/27 01:16 GMT
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 12/26 | ||||||||
| 23:50 | JPY |  Monetary Policy Meeting Minutes | * | * | * |  | ||
| 23:50 | JPY | CSPI | y/y | 0.1% | 0.1% | - |  | |
