What would the US dollar be doing if retail sales was weak?
The numbers were good and all USD/JPY could muster was a 15 pip bounce that’s since been wiped out completely. And that’s after after 150 pip decline last week.
The pair is flat on the day at 101.66 and stocks are falling back to unchanged. The pair was able to hold 100.30 last week but I don’t see how it can withstand another challenge without some help from stocks.