United Kingdom Gfk Consumer Confidence came in at 1 below forecasts (3) in November

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USD/JPY catching an early bid on weak Japanese data

USD/JPY has found a bid on the back of the mixed Japanese. Firstly the CPI's arrived at 0.3% vs 0.2% expected year on year, a minor uptick, but the actual disappointments were the Overall household Spending year in year that came in at 12.4% vs 0.1% expected. However, liquidity will be thin over the Thanksgiving break and Tokyo may be reluctant to create large positions in to the closing day.
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USD/JPY upside not done yet - Nomura

Analysts at Nomura Bank explained that the USD/JPY has been trading in a narrow range around 120 so far in 2015.
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