USD/JPY retraces overnight drop

Having posted an overnight high at 104.98, USD/JPY dropped overnight, to post a low of 104,13 before retracing to where spot is presently trading 104.53.
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Germany: Services PMI down to 55.0 in December

German Services PMI slid to 55.0 points in December, from 55.7 points in November, according to data released today by Markit. The result is slightly above market consensus of 54.0 points.
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