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Fin Min Suzuki Restarted Verbal Intervention

After recent fast decline of the yen, Fin Min Suzuki restarted verbal interventions, warning the government is closing monitoring the FX market. Later today, the calendar is thin. Michigan consumer confidence is expected to improve (slightly) (70.1 from 69.7). Interesting to see consumers’ assessment in the wake of strong holiday retail sales. Also keep a close eye at inflation expectations. We expect no big moves in yields. The bottoming out process is gaining credence. A constructive risk sentiment suggests it might be a bit too early for the dollar to start a new upleg. ....

United Kingdom , United States , European Commission , Philly Fed Business , Fin Min Suzuki , European Tusk ,

Philly Fed Business Survey Unexpectedly Slumps To 'Worst Since Lehman'

Philly Fed Business Survey Unexpectedly Slumps To Worst Since Lehman Shortly after The Empire Fed Manufacturing survey unexpectedly surged back into… ....

Worst Since , Empire Fed Manufacturing , Philly Fed Business , Reaking News ,