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Forex Flash: USD/JPY looks set to loiter - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank is expecting USD/JPY to continue to loiter on neutral in the near term, with US and Japanese news flow ebbing and markets distracted by other regions.

He adds that the 100 level continues to loom as the next significant psychological resistance while supports are expected on approach of 96.20. Looking to AUD/USD, he adds that the market remains on the lookout for another potential rate cut from the RBA ahead, and this may continue to keep AUD on a short leash pending further commodity and Chinese led developments.

Spanish borrowing costs fall debt auction

The Spanish Tesoro Público held a debt auction on Thursday during which it sold a total of 4.574 billion euro worth of 3-, 5- and 13-year bonds, exceeding the maximum target of 3.5-4.5 billion euros.
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Forex Flash: Rebound of Chinese CPI makes easing unlikely - Nomura

Nomura economist Zhiwei Zhang notes that CPI inflation rose to 2.4% y-o-y in April from 2.1% in May against consensus views of 2.3%.
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