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JPY Mid-day Analysis

Until the Dollar finishes its slide into the FOMC statement,

The Dollar is showing some weakness this morning as the ever present

Eventually the Canadian is going to be a value and the bull camp has to

The Pound has not been able to benefit from the slide in the Dollar because

PMIs rose slightly as expected in December, pointing towards ongoing,

CPI came in at -0.3% m/m in November reducing the year on year figure by 0.3% points to 1.0% y/y.

EUR/USD is consolidating. The recent succession of lower highs needs to

Today’s highlights: EURJPY has completed a bearish “outside day” and

EURUSD: Resistance is obvious in the 1.2480-96 zone, but the contracting range was entered from

Among the G10, the JPY outperformed, rallying to 117.43 vs. the USD.

The pair ended NY session at $0.8211 after having traded a $0.8201 to $0.8206.

In the euro area we expect higher PMI figures,