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USD/JPY slips following mixed US Retail Sales report
The November US retail sales data has now been released and it has beaten on forecasts. US sales rose by 0.7%, but excluding autos they missed, at just 0.2% growth. The USD/JPY is often at the front and centre of any immediate FX market reaction to important US data. So, the dollar has slipped versus the Yen, hitting a fresh European session low around 153.65. It remains to be seen how this will play out from here though, because immediately this data has not impacted US yields, which remain elevated. The USD/JPY is right now at 153.72
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