The Yen weakened slightly on Thursday versus the Dollar and the Euro. Japanese Industrial Production came out better with 2.6% versus 2.5% expected. Retail Sales declined less than expected heading to 15th consecutive months of declines. The Yen is consolidating below the 92 level and if it won't manage to break above the 92 level a correction back to 90 is expected. Overall, USD/JPY traded with a low of 91. 12 and a high of 91.75. No economic data expected today.
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