Yen gains as investors appear concerned that the yen has weakened too rapidly against the dollar, currently trading at 88.22 down 0.8 percent. Core retail sales in Europe and U.S core consumer price index are the main events for today.
The World Bank forecast that global gross domestic product will inch up 2.4 percent this year, from 2.3 percent in 2012 against previous forecast in June the bank projected global growth would reach 3.0 percent in 2013.
Trade Idea
USD/JPY
A break and close below 87.90 targets 87.35 alternative a 4H close above 88.55 could lead price to 89.60
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