Asian Session Recap – January 17, 2014

  • Japan’s December consumer confidence index at 41.3 vs. 43.0 expected
  • Nikkei closes down 0.08% at 15,734.46
  • Japanese Economy Minister Akira Amari says CAPEX is expected to expand significantly.

Consolidation was the name of the game thanks to a lack of market-moving catalysts during the Asian session. European currencies like the euro and the pound barely moved from their open prices while the yen also traded sideways.

The Aussie snagged a couple of pips from its counterparts after AUD/USD encountered support at the .8800 handle. NZD/USD wasn’t so lucky though, as it gave up most of its weekly gains after traders took profits from their AUD/NZD shorts.

At 8:15 am GMT we’ll see Switzerland’s producer and import prices, followed by the big U.K. retail sales report. The headline figure is expected to come in at 0.5% after showing a 0.3% growth last month. The report usually has a significant impact on the pound pairs so keep your eyes peeled for any surprises!

See also:

U.S. Session Recap

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

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