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Forex

Despite encouraging Japanese data, the EUR/JPY crosses above 142.00, with attention turning to German Retail Sales

The Euro to Yen exchange rate has found stability at 142.00 as hawkish ECB bets rise. Despite positive economic news coming out of Japan, yen bulls have been unable to profit. Consistent with expectations, consumer confidence in the Eurozone has been stable, but a potential drop in German retail sales suggests caution.