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Forex in 60 Seconds - USDJPY Volatility Stocked By Data, USDCAD May Be Next Week's Mover

Friday, 16 May 2008 20:49:51 GMT

Written by John Kicklighter, Currency Analyst


·          Questionable US housing data overshadowed by a 28-year low in consumer confidence.
 ·         First quarter Japanese growth stronger than expected, can the BoJ consider hiking?

Stories to watch on DailyFX

·          End of week volatility from the majors sets up potential breakouts next week.
·          Heavy economic data due over the latter half of the week, Canadian retail sales and FOMC forecast targets USDCAD.

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