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Japan's EcoMin: Biggest reason GDP drop private inventory adjustment

FXStreet (Bali) - Japanese economy minister Amari is crossing the wires, via Reuters/Bloomberg, noting that the biggest reason for today's negative Q3 GDP drop is private inventory adjustment, adding that confidence decline and bad weather affected consumption, with effects of 1st sales-tax hike bigger than expected.

Australia New Motor Vehicle Sales (YoY): -0.5% (October) vs previous 0.8%

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AUD/USD: Shorts scramble to cover, more to come?

AUD/USD is presently using old 0.8750/60 resistance as new support at the Tokyo open, following an upside gap to 0.8775 during interbank trading.
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