Not a lot of response from the USD/JPY

Japan retail trade for December

  • -0.2% m/m vs. an expected of +1.0%, and prior of -2.5%
  • -1.1% y/y (expected +0.2%, prior was -1.1%)

Meanwhile Bank of Japan Governor Kuroda is storming through the corridors of power muttering "Of course they missed, look at these measly pay rises!"

more to come