Forex Today: Dollar finally corrects lower

Share:  During the Asian session, Japan will release critical economic reports including the September Tokyo Consumer Price Index, the August Unemployment Rate, Industrial Production, Retail Sales, and Housing Starts. In Australia, Private Sector Credit data is due. Later in the day, a new estimate of UK Q2 GDP and Consumer Credit will be

EUR/JPY corrects downward, poised for a consecutive weekly gain

Share: The EUR/JPY traded in the red below the 159.00 area after five consecutive days of gains. The cross closed Friday with 1.65% weekly gains, trading in highs since 2008.  Focus shifts to the Eurozone and Japan’s GDP for Q2, which will be released the following week. In Friday’s session, the EUR/JPY traded