United States Markit PMI Composite dipped from previous 59 to 57.4 in October
Oct 27, 2014
A well offered USD/JPY sets support at 107.70, then sideways
After falling 65 pips from intra-day high of 108.35, USD/JPY broke below the 108.00 area before finding support at 107.70. The pair is trading under pressure amid news that the BoJ may look to moderate inflation outlook.