Japanese household spending continued to contract in November at double the pace reported in October. The Japanese current account balance halved while the trade deficit doubled. Adding to economic worries was the drop in the Japanese Eco Watchers Survey which moved into contraction territory below 50.0. The GBPJPY remained stable following the recovery of last week’s flash crash.
How will forex traders react to the armada of British economic data due to be released this morning? Will the bulls remain the upper hand or will the data feed the bears? Get your GBPJPY trading set-up now and exclusively at PaxForex Daily Fundamental Analysis.
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