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DJ JAPAN DPJ GROUP WANTS TO SUBMIT FX ACTION REQUEST TO FIN MIN -LAWMAKER Euro/$ off the post German GDP highs as more debate over the burden of bad assets being borne by Euro zone states a move which - if passed would cause euro zone state debts to baloon and put more pressure on the weaker Euro zone states fiscal positions . Eur/$ drifting again on the back of this - also yesterdays greek data was pretty weak unemployment rose 8.5 - 12.5 % GDP was very weak and Ireland had to pay up for 6mth money as concerns grow over their banking system... $/Yen still underpinned and headlines like the above likely to kepp us in cat n mouse mode 86.20/40 exporter offers in the wings still stifling the rallies for the moment - I guess the signal would be when these orders arent around anymore... Cable stalling on retail supply into 1.5665/85 and the cross still heavy as the Euro zone concerns continue to weigh on eur/crosses Data ahead
10.00 EU Trade Balance Last -3.0 Bio Exp 1.4 Bio 10.00 EU GDP Last 0.2% Exp 0.8% 13.30 US CPI Last -0.1% M/m 1.1% Y/Y Exp 0.3% M/M 1.3% Y/Y 13.30 US Core CPI Last 0.2% M/M 0.9% Y/Y Exp 0.1% M/M 0.9% Y/Y 13.30 US NSA CPI Index Last 217.965 Exp 218.10 13.30 US Retail Sales Last -0.5 Exp 0.6 13.30 US Retail Sales Ex Autos Last -0.1 Exp 0.3 13.30 US Core Retail Sales Last 0.2 Exp 0.2 14.55 US University of Michigan Consumer Sentiment Last 67.8 Exp 69.5 15.00 US Business Inventories Last 0.1 Exp 0.2 16.30 US Hoenig speaking
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