Japanese Prime Minister Shinzo Abe said “the goal is to develop TPP relevant domestic measures by the end of November”.

“The 2016 fiscal year, corporate tax rates have dropped to more than the original plan”.

Japan October bank loans (including the Trust) increased 2.5%, expected 2.6%, the previous value of 2.6%.

Japan October bank loans (excluding trusts) increased 2.5%, expected 2.6%, the previous value of 2.6%.

Japan September not seasonally adjusted current account +14684 billion yen, expected +21540 billion yen the previous value +16531 billion yen.

After Japan’s current account, seasonally adjusted 9 +7762 billion yen, expected +15000 billion yen the previous value +15901 billion yen.

Japan’s September trade balance +823 billion yen, is expected to +853 billion yen the previous value -3261 billion yen.

To boost the inflation the ECB possible to go for a deeper rate cut in December 3rd monetary policy meeting.

Some argue that a deposit rate cut should even be larger than the 0.1% reduction currently expected in financial markets, the policymakers said.

“Let’s go for a big cut,” one Governing Council member, who asked not to be named, said.

“There is no bottom to the deposit rate in the near term, it could be lowered quite sharply still,” he said. “There must be a bottom but it’s further out.”

The cross lost all the daily moving averages manages to hold the 200wsma finds at 131.00 at last week.

In the daily chart, the cross has been trading below the large descending triangle possible to break below the 131.00 .

Intraday trading support finds at 132.30, 131.80 and 131.50

Resistance seems at 132.75, 133.20 and 133.50

Until the price close above 131.80, we expect bounce towards 133.30 earlier support currently acting as resistance.

EURJPYpDaily