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Australia shows trade surplus, but soft house prices

FXstreet.com (Barcelona) - March Australian trade balance came at AUD +307 million vs flat expectations. Exports were up by 1% vs 3% last February, while imports stood at -1% vs the same -1% reduction from February. Meanwhile, Australia house price index increased by a mere +0.1% in Q1, with market expectations for a +2.0% following a +2% read in the last quarter of 2013.

Forex: USD/JPY dips below 99 on Aso's comments

Following first trading day of the week today for Japanese markets as yesterday were closed on holidays, USD/JPY is last plunging below the 99 handle at fresh session lows 98.83 from above 99.40 weekly highs, on the back of Japan Fin Min Aso saying “It will take a few months for the BOJ easing to take effect,” ForexLive editor Eamonn Sheridan reported.
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