Emmanuel Ng of OCBC Bank notes that looking ahead, the prospects for the JPY may remain negative, especially if the expected news flow surrounding incoming BOJ governor candidates continues to centre on perennial doves.

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EU Retail Sales (YoY): -3.4% in Dec; -0.8% (MoM)

EU Retail Sales (YoY): -3.4% in Dec; -0.8% (MoM)

Forex Flash: JPY prospects negative – OCBC Bank

Italy Consumer Price Index (EU Norm) (MoM) decreases to -2% in Jan from 0.3% in Dec. (YoY) 2.4% vs. 2.6%.