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Trading resumes on the background of intense debates in the Greek parliament, while demonstrators protest outside.

The first release of Japan’s Q4 is the main event of the day, as Athens remains in the limelight.

After returning to growth in Q3, Japan is set to return to contraction in its economy: -0.3% is expected after the expansion of 1.4% seen last month.

The  accompanying GDP Price Index is expected to be -1.6%. Also in Japan,  Tertiary Industry Activity will likely rise by 0.9% after dropping by 0.8% last month.

For more on the yen, see the USD/JPY Forecast.

In Australia, monthly home loans are predicted to rise by 1.9% after a gain of 1.4% last month. Contrary to these figures, other housing figures points to weakness in Australia’s real estate sector.

On the other side of the day, RBA Assistant Governor  Guy Debelle will speak in Sydney, and might provide more hints on the obscure future of monetary policy.

For more the Aussie, see the Australian dollar forecast.

In Europe, the GDP figures are eyed on Wednesday. Today we’ll get only the German  WPI, which is likely to rise by 0.4%.

For more on the euro-zone’s fragile situation, see the EUR/USD forecast.

In Switzerland, PPI will probably show a drop in prices, after a rise of 0.3% last time. Deflation is haunting the SNB.

That’s it for today.

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