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Action Insight Market Overview	Markets Snapshot
Daily Report: Yen Down Trend Continues on BoJ Speculations Yen selloff remains the main theme in quiet holiday trading today. Inflation data released from Japan today showed national CPI core accelerated to 0.9% yoy in October, inline with expectation. Tokyo CPI core accelerated to 0.6% yoy in November, above expectation of 0.4% yoy. Manufacturing PMI rose to 55.1 in November. However, other economic data were disappointing. Household spending rose 0.9% yoy in October versus expectation of 1.0%. Industrial production rose 0.5% mom, versus expectation of 2.0%. Unemployment rate was unchanged at 4.0% versus expectation of a drop to 3.9%. GBP/JPY remains the biggest gainer this month and this week, continuing to make multi-year high and is heading to long term fibonacci level at 168.11. EUR/JPY also head closer to 140 psychological level. USD/JPY also strengthens but is kept below this year's high of 103.73. Full Report Here...
Featured Technical Report
EUR/JPY Daily Outlook Daily Pivots: (S1) 137.73; (P) 138.25; (R1) 139.23; More... EUR/JPY rally continues today and breaches 139.21 resistance to as high as 139.70 so far. Intraday bias remains on the upside and current rally should target 140.98 long term fibonacci level next. We'd be cautious on strong resistance from there to bring reversal. But break of 137.98 is needed to be the first signal of short term topping. Otherwise, near term outlook will stay bullish in case of retreat. Read more... EURUSD Technical Outlook USDJPY Technical Outlook GBPUSD Technical Outlook USDCHF Technical Outlook USDCAD Technical Outlook AUDUSD Technical Outlook EURJPY Technical Outlook EURGBP Technical Outlook EURCHF Technical Outlook GBPJPY Technical Outlook

Economic Indicators Update

GMT	Ccy	Events	Actual	Consensus	Previous
21:45	NZD	Building Permits M/M Oct	-0.60%	1.70%	1.40%
23:15	JPY	Nomura/JMMA Manufacturing PMI Nov	55.1		54.2
23:30	JPY	Household Spending Y/Y Oct	0.90%	1.00%	3.70%
23:30	JPY	Unemployment Rate Oct	4.00%	3.90%	4.00%
23:30	JPY	National CPI Core Y/Y Oct	0.90%	0.90%	0.70%
23:30	JPY	Tokyo CPI Core Y/Y Nov	0.60%	0.40%	0.30%
23:50	JPY	Industrial Production M/M Oct P	0.50%	2.00%	1.30%
0:05	GBP	GfK Consumer Sentiment Nov	-12	-10	-11
5:00	JPY	Housing Starts Y/Y Oct		5.00%	19.40%
7:00	EUR	German Retail Sales M/M Oct		0.50%	-0.40%
8:00	CHF	KOF Leading Indicator Nov		1.81	1.72
9:30	GBP	Mortgage Approvals Oct		68.5K	66.7K
9:30	GBP	M4 Money Supply M/M Oct		1.10%	0.60%
10:00	EUR	Eurozone Unemployment Rate Oct		12.20%	12.20%
10:00	EUR	Eurozone CPI Estimate Y/Y Nov		0.80%	0.70%
13:30	CAD	GDP M/M Sep		0.10%	0.30%

Orders and Options Watch

US Session: Orders and Options Watch

EUR: The single currency edged higher in European session, offers at 1.3590-1.3610 were filled, stops above 1.3620 are in focus, fresh selling interest should emerge around 1.3625 and 1.3640-50 (more stops above next barrier at 1.3650). On the downside, bids are raised to 1.3585-90 and 1.3570, more buy orders are tipped at 1.3555-60 and 1.3525-30, fresh demand should emerge from 1.3495 down to 1.3475 with stops building up below 1.3470-75.

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Forex Trade Ideas

Trade Idea: USD/CAD - Buy at 1.0525

As the greenback has maintained a firm undertone after yesterday's rally, adding credence to our view that recent upmove from 1.0182 low (wave (c) bottom) is still in progress and may bring a retest of recent high of 1.0609, above there would encourage for further gain to 1.0650-60 and possibly towards 1.0700-10, however, overbought condition should prevent sharp move beyond latter level

Trade Idea: EUR/GBP - Sell at 0.8375

As the single currency has remained under pressure after meeting renewed selling interest at 0.8391 earlier this week, our bearishness remains for early decline to resume after consolidation, bring a retest of recent low of 0.8300, however, break of this support is needed to confirm recent decline from 0.8815 (wave iii top) has resumed for a stronger correction of early upmove in wave iv towards 0.8260-65