Japan Finance Minister Nakagawa on the wires from the G7

Japan’s Nakagawa says he did not talk with US Treasury Secretary Geithner about currencies.

In addtion, the Finance Minister urged the Treasury Secretary to no pursue protectionism such as the “Buy America” program. ...http://forex.fxdd.com/18007/forex-news/japan-nakagawa-on-the-wires-from-the-g7

Skyrocketing unemployment

UniCredit Group − Labor markets are reacting to the dramatic economic downturn more quickly than during previous cycles. Within the space of just a few months, unemployment around the globe has skyrocketed. As a result, it appears to be losing its character as a lagging indicator. The main reason for this is the deregulation of labor markets.... [ Full Story ]

(G) 7 Dwarfs

UniCredit Research − The G7 leaders meet this weekend as their economies are shrinking fast, and the latest set of Q4 GDP growth data bring painfully home the fact that this is the deepest and most synchronized recession they have faced in a long time... [ Full Story ]

FOREX-Pound falls on BoE report; dlr gives back some gains

ITV.com for further monetary easing, while the dollar gave back some of the previous session's gains as dealers digested the latest US financial rescue plan. BoE Inflation Report Pound tumbles as Bank says ready to ease further...http://uk.reuters.com/article/marketsNewsUS/idUKLB72983720090211

FOREX-Yen, dollar fall broadly as equities rise

Orangeburg Times Democrat In a major break from existing aid programs, the latest US plan would seek to help homeowners before they fall into arrears, sources familiar with the plan Yen Gains as Stocks Fall on Concern Bank Bailout Plan Will Fail G7 Meeting Outcome and Senate Vote FOREX-Yen falls as stocks rally, record EZ GDP fall hits euro -
Retail sales rebound, jobless claims fall in latest reports