Idea for next week.

n the FX market on Friday, the dollar continued to push higher against some currencies, while falling against other, after stronger-than-expected US retail sales data helped to lift it off its earlier lows. The big slump in the USD/JPY pair, on the back of Japan’s Finance Minister Kato stating that he will take appropriate action against excessive fluctuations in FX markets, meant that the dollar index would still end the day lower, although above April’s high of 106.51 level. Earlier in the day, the dollar had been down across the board, but the release of stronger US retails sales triggered a sharp recovery.