Japanese tax revenues to fall by JPY 1trln next year

Forecast according to Reuters sources 1 Dec

• tax revenues f/cast to fall by as much as JPY 1 trln next year
• tax revenues are set to undershoot govt f/casts of JPY 57.6trln for FY 2017 ending March
• stronger yen trimming corp revenues

USDJPY back below 114.00 after another GBPJPY-led rally took it to 114.17, GBPUSD posting gains to 1.2539 before also running into fresh supply.