US interest rates cause USD to rise

Review: Japan: April retail sales rose by 0.7% against the expected level of 0.2%. The change in retail sales has now been positive over the past 2 quarters, and also personal consumption has risen steadily – on the whole positive signals in respect of PM Abe’s aggressive monetary policy. BoJ: Central bank governor Kuroda states that the next step on behalf of the Bank of Japan is to secure a stable financial market so also Japanese interest rates come under control. USDJPY & EURJPY

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US interest rates cause USD to rise

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