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Asia Recap: USD strengthens for the nth time

FXStreet (Bali) - The Japanese Yen was the weakest currency in Asia, while the US Dollar ended as the main winner for zillionth time.

AUD/USD printed a new marginal 7-month low at 0.8771, with virtually no bounce. NZD/USD was glued near lows at 0.7920/25 after sellers stepped out above 0.7950. USD/JPY kissed the 109.00 again but failed to hold above. EUR/USD traded quiet around 1.2750. GBP/USD saw steeper losses, currently at 1.63 from 1.6330.

On the fundamental front, Japanese inflation numbers came softer in the nationwide series for September, while figures out of Tokyo, which refer to August, came steady. Overall, the data was slightly supportive to maintain alive the BoJ easing expectations further down the road.

Also in Japan, headlines from Japan's health minister Shiozake noting that he has no intention to postpone the Government Pension Investment Fund (GPIF) law change, acted as a catalyst for Yen weakness in the Asian session.

In the UK, hometrack housing numbers for September came flat at 0.0% MoM. Lastly, in China, the CB Leading Economic Index stood at +0.7 vs +1.3 last.

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