News Headline Summary

After gapping up by over 70 pips at this week's FX open, USD/JPY is retracing some of the significant gains from last week, moving back below 84.00 to trade 83.79 (+27 pips) last

Analysis details (10:21)

- The firm gains followed the election of conservative LDP party in Japan, with Shinzo Abe at the helm, looking to deliver on his pre-election promises of reining in a strong JPY.
- EUR/JPY also moving lower; trades 110.31 (+41 pips) last - market talk of bids in EUR/JPY at 110.30 - Unconfirmed.

17 Dec 2012 - 10:17 - Forex Bank Speaker - Source: RANsquawk

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