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EUR/JPY looks offered after two daily advances in a row. Next on the upside appears the August top at 138.40. EUR/JPY extends the weekly recovery and already flirts with the 138.00 neighbourhood on Friday. If the cross clears the so far August high at 138.39 (August 10) it should allow for gains to accelerate further and revisit the temporary barrier at the 55-day SMA, today at 139.44.
Canadian Retail Sales Overview Statistics Canada is scheduled to publish the monthly Retail Sales figures for June later this Friday at 12:30 GMT. The headline sales are estimated to register a modest rise of 0.3% during the reported month, down sharply from the 2.2% growth recorded in May. Excluding autos, core retail sales probably climbed by 0.9% in June against the 1.
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