A.M. Update

Index futures are flat after a jittery overnight session. USD/JPY (-0.3%) continues to trend lower. Retail Sales missed:  Total retail sales were flat month-over-month in December (consensus: 0.4%) following a 0.6% increase in November. Excluding autos, retail sales were also flat (consensus: 0.4%) following a downwardly revised 0.4% increase (from 0.5%) in November. Compensation costs…