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24 Dec 2014
USD/JPY consolidated below recent highs - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that USD/JPY has retraced slightly from yesterday.
Key Quotes:
"However looks poised to move back towards its recent 121.85 multi‐year high. News flow has been relatively light today."
"Tomorrow, December 25th, Japan releases a slew of data, including CPI, which is expected to fall to 2.5%y/y on headline, 2.7%y/y ex fresh food, and 2.1%y/y ex food and energy. In addition retail sales are expected to be up just 0.2%m/m, while industrial production is expected to climb 0.8%m/m. Liquidity will be notably light for trading."
Key Quotes:
"However looks poised to move back towards its recent 121.85 multi‐year high. News flow has been relatively light today."
"Tomorrow, December 25th, Japan releases a slew of data, including CPI, which is expected to fall to 2.5%y/y on headline, 2.7%y/y ex fresh food, and 2.1%y/y ex food and energy. In addition retail sales are expected to be up just 0.2%m/m, while industrial production is expected to climb 0.8%m/m. Liquidity will be notably light for trading."