USD Trading Outlook (13-02-2013)
U.S. Dollar Trading (USD) the Japanese Yen once again dominated the headlines and moved most of the other majors with EUR/JPY dragging the EUR/USD higher. The G7 downplayed the recent moves in the Yen as just an overvalued currency returning to normal values. They did suggest the recent comments about Yen targets like Y95-Y100 was not helpful with such universal guidance from Japan counter to the G7 rules. Looking ahead, January Retail Sales forecast at 0.1% vs. 0.5% previously. Also US Treasury Secretary Speaks.
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