ForexLive European morning FX news wrap: USD demand notable but it's more about the cross plays with yen in focus again

Forex news and trading headlines 20 December 2016

News:

  • BOJ's Kuroda says they will debate weak yen impact at next outlook report
  • More from Kuroda: Current yen level not surprising
  • More from Kuroda (2): Inappropriate for me to comment on currencies
  • More from Kuroda (3): Not appropriate to reduce ETF purchases at the moment
  • USDJPY to 130 and EURUSD to parity - A familiar cry from Morgan Stanley
  • USDJPY pops 118.00 as dip demand provides solid support
  • BOE's McCafferty: UK CPI will rise quite sharply
  • Spain's de Guindos tips Q4 GDP at 0.7%-0.8%
  • Germany's Merkel says they must assume Berlin deaths were due to a terrorist attack
  • EURUSD drops back through 1.0400 as USD demand prevails
  • EURUSD is looking precarious as it hovers around the days lows
  • Option expiries for the 10 am NY cut today 20 Dec
  • Nikkei 225 closes up +0.53% at 19,494.52

Data:

  • December 2016 UK CBI distributive trade sales 35 vs 20 exp
  • Eurozone current account Oct SA EUR +28.4bln vs +27.7bln prev
  • Germany PPI Nov mm +0.3% vs +0.1% exp
  • Switzerland trade balance Nov CHF +3.64bln vs +3.56bln exp
  • Japan nationwide department store sales Nov yy -2.4% vs -3.9% prev

Ok, not the snappiest of headers but it's been that kind of session. Not quite one thing or the other.

More summary to follow.

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