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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

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Bank of Japan officials are becoming increasing concerned that the continued weakness in the face-to-face service sector will spill over into demand for goods and clothes through Q2 as department stores in big cities remain closed, MNI understands.

There is also a worry that the manufacturing sector could continue to struggle with output if Q2's expected recovery in semi-conductor supply fails to materialise, as that will add further downward pressure on both production and exports. Bank officials still see GDP contracting in Q2, albeit with a less steep decline than seen in Q1 (estimated -5.0% annualised).