The US Retail Sales data has a significant impact on the market trends, especially on the USD/JPY pair. With the recent US CPI Report highlighting a bounce back in core services inflation, it has shifted the focus to the US labor market data and the overall US economy. This shift in focus has implications for
The Asian stocks were firm on Thursday, taking their lead from gains on Wall Street. Japan’s Nikkei rose 0.5%, while Australia’s stock benchmark was up 0.1%. Mainland Chinese blue chips also added 0.4%, however, Hong Kong’s Hang Seng slipped 0.3%. U.S. S&P 500 futures indicated a 0.1% increase after the cash index advanced 0.4% on