The JPY has seen some marginal weakness overnight in Asia with risk appetite in pretty good nick. USD/JPY is up at 94.35 from a North American close Wednesday around 94.05, while EUR/JPY is up at 134.30 from around 133.80.
Asian stocks have made gains, Chinese stocks rebounding after yesterdays slump, and European stocks look set to open higher.
Sources note sell orders now lined up in USD/JPY at 94.50 up through 95.00, and at 134.50 up through 134.80 in EUR/JPY.
For today European data due for release is as follows;
06:15 GMT: Swiss trade (July) expected 1.80 bln
08:30 GMT: UK retail sales (July) expected +0.4% m/m, +2.7% y/y
08:30 GMT: UK public finances (PSNCR) expected -5.6 bln
08:30 GMT: UK public sector net borrowing (PSNB) expected +0.6 bln
08:30 GMT: UK M4 money supply (July-prov) expected +0.2%, +13.3% y/y
09:00 GMT: Swiss ZEW survey (expectations) August
