The Fed finished its work for 2009 yesterday and is not scheduled to meet again until the end of January. Hard to imagine today’s data having much durable impact beyond a post-release flurry. Jobless claims are seen dipping to 570,000 from 574,000 last week. Philly Fed and leading indicators are out ninety minutes later.
EUR/USD is quietly consolidating in the 1.4340 area. USD/JPY offers lie between 90.20 and 30 with Japanese exporters still selling into strength. EUR/JPY sales have hampered USD/JPY’s attempts to trade significantly higher.
