Market Watch: Yen Still Retreats

Financial and commodity markets analytics

Eurozone GDP beat expectations, suggesting a strengthening recovery, boosting the euro's performance in the European morning. However, the dollar is showing strength against other G10 currencies today. Japanese data showed a mixed picture, with industrial production rising but retail sales falling.
Japanese stocks surged after the long weekend. Meanwhile, Europe's Stoxx 600 dipped for the first time in three days, and US index futures softened after yesterday's modest gains.
Gold, after a decline last week, continues to face downward pressure, while June WTI crude oil has stabilized and is showing a slight increase.

Asia Pacific markets
Japan saw a significant increase in industrial production in March, but consumer spending declined, and retail sales followed suit. Unemployment in Japan dropped slightly.
Australia reported a rise in private sector credit but an unexpected drop in retail sales for March, leading to a setback for the Australian dollar.

European markets
Q1 GDP data for the eurozone showed a 0.3% expansion, signaling recovery after contractions in the previous quarters.
The euro remained steady, while sterling traded within a similar range as the previous day.

American markets
The focus is on US house prices and consumer confidence data, although they typically don't have a major impact on the market. Jobs data, including the ADP estimate and the JOLTS report, will be closely watched, along with the outcome of the FOMC meeting.
Canada is set to report February GDP figures today.