The Japanese Yen will be in play tonight with the Bank of Japan interest rate decision due for release. Once again, they are not expected to raise or cut interest rates because they have no room to do so.
Even though retail sales were stronger than expected and rose unexpectedly for the second month in a row, the trend of consumption growth is slow. Small business confidence remains weak while the unemployment rate ticked higher last month. Until deflation is beat, carry trades will continue to sing to the tune of the Dow.