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Forex: Kiwi tumbles; RBNZ ready to intervene

The Kiwi has been sold-off sharply in the last few minutes, after RBNZ Governor Wheeler said the RBNZ is ready to intervene in the currency if necessary, highlighting the overvalued NZD. The pair has come down to 0.8420 from 0.8460 in the blink of an eye, extending the fall off its weekly high at 0.8488.

China: FDI - Foreign Direct Investment (YTD)(YoY) (Jan): -7.3%

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Forex: USD/JPY slips below 93.50

When is lunch time in Tokyo and markets closed for 1 hour, USD/JPY has broken to the downside last at 93.47, off session lows at 93.35, retracing from session highs at 93.83. The move comes at the same time comments from BoJ's Morimoto hit the wires, from a speech to business leaders given in Kochi, Reuters reported.
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