USD/JPY pushed higher, gaining about 100 points on the week. This week’s highlights are Retail Sales and the Tankan Indices. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY.
US Final GDP posted a slight decline, but housing numbers were strong, and the week ended with excellent consumer sentiment data. In Japan, consumer spending was unexpectedly strong but inflation indicators remained sluggish.
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