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USD/JPY lifts after US June Retail Sales beat forecasts

The June US retail sales data has just hit the screens. As noted earlier, the markets were expecting a slight fall in headline sales last month around -0.3%. Sales actually did not fall at all and the core rate rose more than that, by 0.4%. The markets were looking for a 01% rise, but the previous rate of -0.1% was revised higher to +0.1%. The immediate reaction across the markets has seen the dollar rise. The EUR/USD was hovering around 1.0902 ahead of the data, it has just dropped to below 1.0890. The USD/JPY was edging back towards 158.25, it has now lifted back above 158.50 on this news 
 

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