United States Industrial Production (MoM) came in at -0.7% below forecasts (-0.1%) in December

Jan 18, 2023

United States Capacity Utilization below expectations (79.6%) in December: Actual (78.8%)

USD/JPY: Initial target at 125.00 and possible extension as far as 120.00 – Credit Suisse

After spiking towards a peak around 131.50 from near 128.50 right after the BoJ decision, USD/JPY quickly retraced all the way back below 129.00. Econ