The weekly Forex fundamental expectations is dominated by the FOMC minute, which will be held this week, any dovish Statement or patience from FED would weaken the USD.
A look at the 9 February GBPJPY Technical Outlook shows that the pair is struggling to step up as Yen strengthens on China CPI release. Click here for more details.
From the Eurogroup meetings yesterday, Greece under renewed criticism over the proposal sent to the euro-zone finance ministers last Friday. As the country doesn’t seem to have a reasonable Plan.
Released earlier today, China’s CPI y/y came at 1.4% as the country’s consumer inflation held steady last month, coming above forecasts of 1.3% as China's CPI data calms deflation fears.