GBP/JPY: Becoming Bullish?

Yesterday's better than expected trade data set the Dollar on a firm footing throughout the session, though the gains were small. The British Pound, however, remained more resilient than most, even as jobless claims and the overall unemployment rate inched upwards. This morning, the Dollar remains firm, helped by brisk retails sales, which were up an unexpected .6% in March. Excluding auto sales, the figure is .4%. Read More....