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Japanese Yen Whipsaws on Mixed Industrial, Retail Numbers
•The Japanese Yen had to contend with a mixed data picture on Tuesday •Japan’s industrial production fell short in January, but retail sales did better •USD/JPY action was muted as markets waited for a Donald Trump speech The Japanese Yen fell then rose again against the US Dollar on Tuesday after a mixed set of key economic data. Japan’s preliminary official industrial production was down 0.8% in January from February. That’s the sharpest decline since May 2016. To make matters worse the markets had expected a 0.4% rise to follow December’s 0.7% gain. On year production rose 3.2%, but that was also a ... (full story)