February 13, 2012 12:35 AM GMT
The Japanese economy reported the preliminary figures for the fourth-quarter GDP, where the nation's GDP shrank to 0.6%, compared with the prior reading of 1.4%, which was revised to 1.7%, yet it missed economists' forecast of 0.3% decline.
On the other side, the annualized gross domestic product shrank 2.3% during the prior quarter that ended in December 31 compared with the revised reading of 7.0%, which was initially 1.4%, and it missed expectations of 1.3% decline.
EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week.
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