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CHINA PRESS

PBOC to Further Promote Green Finance: Xinhua

CHINA PRESS

Holiday Boom Strengthens China's Confidence: Times

AUSSIE 10-YEAR TECHS

(M1) Pressures The 50-DMA

AUSSIE 3-YEAR TECHS

(M1) Directional Triggers Intact

USDCAD TECHS

Bears Hold All The Cards

DOLLAR-YEN
DOLLAR-YEN: JPY fell against most of the other major currencies on Tuesday, with
positive equity markets in both Europe & the U.S. helping to buoy risk
sentiment, although USD/JPY failed to break Y113.00.
- The rate is last testing the aforementioned figure.
- BOJ Governor Kuroda offered little in the way of fresh insight into the
Japanese economy & monetary policy in a speech made late Tuesday. Kuroda vowed
to maintain low interest rates for a long time to guide inflation to the bank's
2% price stability target, but noted the central bank's commitment to keeping
very accommodative financial conditions is not based on a specific period.
- As the USDJPY rally gathers momentum, bulls continue to eye a move through
Y113.00 with the July 19 high (Y113.17) in sight. Bears need to break back below
Y111.60.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com