The Euro dropped to nine month lows against the Yen, as traders grew concerned that the Chinese monetary tightening policy was growing. The Yen's safe haven appeal drew in investors following the Bank of Japan's decision to keep interest rates unchanged at 0.1%
- Yesterday, US existing home sales fell by 16.7% in December
- Q4 GDP in the UK will be announced at 0930, with analysts' consensus being that the recession will officially be over, citing 0.4% growth
- Please note that the FOMC start their two-day meeting today and announce their interest rate decision tomorrow evening.
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