Dollar scales 5-yr peak against yen as markets brace for Fed meeting

(Reuters) - The U.S. dollar clambered to a 5-year peak against the yen in Asia on Friday, after upbeat U.S. retail sales data stoked expectations the U.S. Federal Reserve could start scaling back its massive bond buying stimulus as early as next week.

The Fed will hold its last policy meeting of 2013 on Tuesday and Wednesday next week, with traders bracing for what could be a close call on the tapering decision. Data released on Thursday showed U.S. retail sales rose solidly in November and the past month was revised higher.

Morning all.

Midday Market Overview

USD PPI m/m -0.1% 0.0% -0.2%

Re - Brokers. In hindsight GF I am guilty as you say of using them if I'm trading a stock, but they rarely get it right. If you stay in a trade long enough then perhaps they will. But then a stopped clock is right at least twice a day. Last example for instance is ADN if you go back through the posts you were apopletic when (can't be arsed to check which broker) downgraded them. Sure enough they went down, then soared back up again, didn't see the upgrade. All I'm saying is I don't rely on them. Cheers.

Oops above should be on TCG thread, just woken up on nights, sorry.

End-of-day Market Ovedrview

Have a great weekend all!

G.