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United States Markit PMI Composite dipped from previous 59 to 57.4 in October

FXStreet.com (Barcelona)

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.
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United States Markit Services PMI below forecasts (58) in October: Actual (57.3)

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