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A very muted start for the major FX pairs.....>

FOREX
FOREX: A very muted start for the major FX pairs ahead of a risk laden Friday,
excluding the JPY crosses which have been subject to JPY strength.
- Late headlines on Thursday pointed to Pres. Trump hinting to the WSJ that a
trade fight with Japan "could be next," which saw USD/JPY make a new session low
(Y110.52), but upon second glance the article was less inflammatory than the
headlines. USD/JPY, EUR/JPY & AUD/JPY have breached Thursday's low in early
Asia-Pacific dealing.
- Focus turns to U.S. NFP data, the Canadian labour market report, EZ Q2 GDP &
Fedspeak. Participants are also on the lookout for any U.S.-China trade rhetoric
ahead of the upcoming scheduled imposition of additional U.S. tariffs on China. 
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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