U.S. retail sales forecast undershot expectations, and USD/JPY continued to fall toward the early 150s.
【2/14Market Overview
In Tokyo time, the USD/JPY rose in the morning to153.15yen, but when Akazawa Economic Revitalization Minister said, “the yen’s depreciation has various impacts on the real economy. We are monitoring exchange movements closely,”152.44yen fell. There was some rebound, but the advance was limited. In European trading, USD/JPY hovered around152yen level.InNYtime,1month US retail sales were down0.9% from the previous month, well below the market consensus of0.1% decline. With the decline in US10year Treasury yields, broad dollar selling led the USD/JPY to152.02yen.
【2/17Market View
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