ECB's Draghi: 'Grexit' makes no sense

FXStreet (Bali) - European Central Bank President Mario Draghi said on Sunday, in an interview to Spain's ABC newspaper's weekly magazine, that a potential 'Grexit' made no sense, Reuters reports.

Key points - via Reuters

Speaking to Spain's ABC newspaper's weekly magazine, Draghi reiterated that the euro zone project was "irreversible" though he declined to comment on what was wrong with the concept of Greece exiting the 19-country monetary union.

"Please understand that I prefer not to comment at all on this issue. Whatever statement from me could be used politically. To speculate on a potential exit from the monetary union doesn't make any sense," Draghi said.

Japan's Q4 GDP preview: Heading toward recovery - Nomura

Nomura Economists are looking for Japan's Q4 real GDP growth of 4.8% q-o-q annualized, which should signal that the economy is heading toward recovery, they say.
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USD/JPY settles above 118.50 after stop run

USD/JPY is trading around 118.60/65 after an early stop run below 118.30, with the lowest quote printed at 118.11 before dip buyers came in ahead of Japan's Q4 GDP risk event, due at 23.50 GMT.
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