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Tuesday, April 11, 2006

USD/JPY: Congested Thus Far

Without very much data, and even less exciting data, FX markets were especially slow yesterday. Today's key number is the influential German ZEW index of business confidence, which has been on a role in recent months. At 62.7, the figure, although rosy, is below expectation (66) and off from last month's 63.4. As of this writing, there has been little reaction to the influential survey. The next potentially significant release will be tomorrow's U.S. trade data, followed by Thursday's retails sales report. Read More....