The yen shows nice resilience against negative indicators, (sharp revision of Q1 GDP) that confirmed the weakness of the Japanese activity. No major indicator is expected in Japan this week and all eyes will be set on the dynamics of the Nikkei, which approaches its lowest levels at 9,400 pts. Any attempt lower in USD/JPY should be hindered by the fears of BoJ intervention below 116. USD/JPY traded at 118.55 and EUR/JPY at 116.35 in early European session.///www.idealforex.sg-ib.com