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Dollar moves lower after weaker retail sales

Discussion in 'Technical Analysis' started by ForexLive, Mar 15, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    USDJPY continues fall to new session lows The USDJPY continues to fall after the retail sales disappoint. The control group which feeds into the GDP saw the number come in at 0.0% vs +0.2%. The revision shaved a healthy amount off of the January number (from +0.6% to +0.2%). What was a great start to 2016 (+0.6% control group) now looks not so great (with +0.2% and 0.0%). Expect to see moves to the downside in the Atlanta GDP estimator later today.

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