Economic data from Japan last night was mixed with CPI rising by the fastest pace in 10 years, retail sales dropping less than expected and the unemployment rate rising for the first time in 4 months. Expect the Yen to remain in focus next week with a heavy economic calendar that includes Manufacturing PMI, Industrial Production, Labor Cash Earnings, and the Quarterly Tankan report. The strong Yen coupled with a global market slowdown is expected to take a toll on Japanese business confidence but even though this may impact the Yen, risk appetite is ultimately what matters.
Yen Rallies as Risk Appetite Turns
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