Forex Today: Yen rallies hard in Asia on risk-off, BoJ chatter, a quiet calendar ahead

As it stated in More so, Trump's comments on fx manipulation also fuelled the risks of a trade war now converting into a currency war. The US dollar fell to a fresh nine-day low at 94.21 against its major peers, lifting the sentiment around most majors. The Yen outperformed amid risk-aversion and the latest BoJ speculation that the central bank may tweak its monetary policy stimulus at its monetary policy meeting scheduled next week. However, the Bank of England (BOE) MPC member Broadbent's speech will hog the limelight in the NY session today. EUR/USD: Put demand eases ahead of the ECBThe demand for the EUR puts has dropped sharply in the run-up to this Thursday's European Central bank (ECB) rate decision and Draghi presser.

Forex Today: Aussie cheers a huge beat on Australian jobs, UK retail sales – Key

Key Focus aheadAfter an eventful Asian session, markets look forward to a relatively quiet EUR calendar, as the only first-tier macro release remains the UK retail sales report due at 0830 GMT. Ahead of the European session, the Swiss trade balance will keep the traders somewhat busy. The UK retail sales are expected to drop sharply to 0.4% m/m in June versus 1.3% last while on an annualized basis, the retail volumes are seen unchanged at 3.9% in the reported month. UK retail sales Preview: Football World Cup set to save the reputation of the UK economy growingThe UK retail sales are expected to rise 0.4% over the month in June as warm weather and the English squad proceeding in the World Cup into the semi-final boosted beer consumption and general happiness. Canadian double-feature Friday preview: Contradicting expectations lay the ground for a choppy reactionCanadian Inflation figures for June and Retail Sales for May are published simultaneously on Friday, July 20th, at 12:30 GMT.

Forex Today: AUD retained the bid tone despite weak China data, focus on the UK parliament vote

as informed in Forex Today saw AUD remain resilient in the face of the dismal China data release and the USD/JPY regain the bid tone. Meanwhile, June industrial production came in at 6 percent year-on-year - the slowest growth rate in over two years, beating the estimated drop to 6.5 percent from the previous month's print of 6.8 percent. Further, retail sales matched estimates of 9 percent. Key news in AsiaKey focus aheadBritish Prime Minister Theresa May's Brexit strategy will be put to vote in the parliament. Moving in the NA session, the US will report monthly retail sales, which are seen rising for a fifth consecutive month, albeit at a slower rate.

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