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Forex News

Japan’s January Retail Sales

Retail Sales improved in Japan in January as we see the USDJPY pair trade in the middle of the 80 handle as we’ve seen the USD weaken a touch  across the board to start the new day.

  • Retail Trade (MoM) sa – Survey:1.0%   Actual:4.1%   Prior:0.3%
  • Retail Trade YoY – Survey:-0.1%   Actual:1.9%   Prior:2.5%
  • Large Retailers’ Sales – Survey:-1.1%   Actual:-1.0%   Prior:-0.4%

South Korean Current Account Total (in$)

The South Korean Current Account reading fell in January, perhaps to due to some inventory back log. The details of the release are as follows:

  • Current Account – Actual:-$772.2M   Prior:$3958.6M
  • Balance of Payments – Actual:-$1424M   Prior:$3854M

UK Hometrack Housing Survey

Risk is trading off after an early bid to start the week, aided by another soft housing number from the UK for February.

  • Hometrack Housing Survey (MoM) – Actual:0.0%   Prior:0.0%
  • Hometrack Housing Survey (YoY) – Actual:-1.4%   Prior:-1.6%

Merkel and Juncker Speak in Germany

Merkel says:

  • Greek aid to be paid if Greece meets conditions
  • Greek PSI is ‘new territory’ need to await outcome
  • EU summit next week to address spurring economies

Juncker says:

  • ‘Night isn’t over’ on sealing aid for Greece
  • Cites need to complete Greek PSI
  • ‘No alternative’ to Greece meeting budget pledges


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