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The USD seemingly fell afoul of some pre-US...>

FOREX
FOREX: The USD seemingly fell afoul of some pre-US CPI worry in Asia, with the
JPY leading the charge against the greenback. The DXY last trades 0.28 lower at
89.419.
- The JPY was unperturbed by a softer than expected Q4 GDP estimate, with
nothing too much in the way of fresh fundamentals driving the latest leg lower
for the USD. 
- USDJPY moved below the EU/US session & September lows, with GBPUSD above
1.3900 and the uptick in RBNZ inflation exp. also playing their respective parts
in the move. 
- USDJPY technicals now point to the daily channel base at 106.33, while focus
may also be on the 2016 lows of Y98.08.
- NZD benefitted from the aforementioned uptick in RBNZ inflation exp., while
the AUD lagged its Antipodean cousin, as the AU/US yield spread compression
continued to pressure the Aussie.
- The PBoC set the CNY central parity rate vs the US dollar at 6.3428, weaker
than Tuesday's 6.3247, this was the last fixing before the LNY.
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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