USD/JPY: Retail Sales Keep Yen Losing

The Japanese yen continues to lose. So, what’s new? The bearish momentum seems to have remained supported on the session, following negative retail sales data released overnight. Unsurprisingly, the day’s upside continues to purport the lingering question – how much further can current momentum go? Retail Sales Slump According to the Ministry of Economy, Trade and Industry (METI), Japanese retail sales rose by 0.4%, on an annualized comparison in December. Although still positive, the most