Japan JP Foreign Reserves: $1233.2B (December) vs $1233B

AUD/USD has been sold-off in a hurry at the start of 2016 with hardly a moment's respite. The Chinese crisis is dominating markets and the data events to some extent have not had the impact they otherwise might have had. However, today's retail sales may draw in a good deal of markets attention before the Yuan fix while the Australian economy's performance will be scrutinised in respect of the RBA's reluctance to cut interest rates.