Japan Tertiary Industry Index (MoM): -0.2% (November) vs previous 0.2%

Japan Tertiary Industry Index (MoM): -0.2% (November) vs previous 0.2%

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EUR/USD keeps range above 1.0800 after German ZEW Premium

EUR/USD is trading listlessly above 1.0800, unimpressed by the upbeat German and Eurozone ZEW Economic Sentiment data. Solid Treasury yields and broad US Dollar recovery keep the upside capped while hawkish ECB commentary continues to lend support to the Euro.


GBP/USD recaptures 1.2200 as USD recovery stalls

GBP/USD is trading above 1.2200, rebounding from daily lows after the UK labor market report. The UK Jobless Rate steadied at 3.7% in November while the average hourly earnings rose more than expected. The US Dollar rebound fizzles out, helping the pair.


A day away, but the BOJ holds sway

It might be a day away, but the BoJ still holds sway as markets fret about the BoJ’s highly uncomfortable position, which is likely holding global markets hostage. Global shares are trading mixed after a quiet session for overseas markets because Wall Street was closed for a public holiday.

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