Fed's George: US economy 'back on track' in Q2

FXStreet (Bali) - Esther George, Head of the Fed in Kansas City, and a non-voting member on the FOMC this year, said the US economy is 'back on track' in Q2 after a soft Q1, adding that looking forward - consumers are well positioned to spend.

Additional headlines

June retail sales, though, were disappointing

Labor market healthy and adding high-skilled jobs

We are starting to see wage growth

USD/JPY kept below 123.50 ahead of BoJ

After briefly coming into contact with 123.70 key resistance (weekly R1), USD/JPY was sold off during the last American session (early stages), only to recover most of its losses towards 123.30/40, although still failing to reclaim a key point of control at 123.50, now being well protected by new committed bears.
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EUR/USD bears testing 1.1000 support before key events

EUR/USD is currently trading at 1.0997 with a high of 1.1017 and a low of 1.0991.
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