German retail sales for November surprised to the upside, but factory orders disappointed. The upside surprise in retail sales resulted in a better-than-expected reading for Eurozone retail sales. This helped pushed the EURJPY to the upside following the Japanese Yen flash crash. Japanese vehicle sales contracted in December and the Nikkei Services and Composite PMI pointed towards a slowdown in activity. How long will the EURJPY recovery last? Will the bulls stampede higher or are the bears waiting around the corner. Get your trading set-up now at PaxForex Daily Fundamental Analysis where you can earn pips per trade!
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