Day ahead in the FX market, Wednesday January 9th
- Australian retail sales data at 00:30 GMT:
- EUR/JPY continues to attract profit-takers, watch important support now at 113.65:
- USD/JPY also hit by profit-taking with major prime brokers reporting a big fall in Yen short positions:
- EUR/USD range-bound, with short-term swings influenced by sentiment swings and headlines:
- Pressure remains heavy on USD/AXY and central banks like BoK will continue to intervene.