Japan Industrial Production Fell to Record Low

Industrial production in Japan fell 9.6 percent just in December. Jobless rate also rose to 4.4 percent, a three years high. The U.S. Q4 GDP was ahead and investors expected a 5.5 percent contraction.

U.K. GfK consumer confidence also fell as the Britain become increasingly worried about job security and the prospect of the economy. I made 41 pips of profit by selling gbpjpy before the reports. I had also a short position on usdjpy which closed in 51 pips of profit.