NDRC: China's long-term economic fundamentals remain sound

Spokesman Zhao Chenxin for China’s state planner, NDRC (National Development and Reform Commission), was on the wires via Reuters last minutes, commenting on overcapacity and solid economy.

Key Quotes:

China can meet 2016 annual target for coal and steel capacity reduction

China's long-term economic fundamentals remain sound

Jul 14, 2016

AUD/JPY - back above 76.4% Fibo after Aussie data

AUD/JPY cross moved back above 79.42 levels (76.4% of Brexit day high-low) afer the Aussie data confirmed a rise in the jobless rate as expected. Reb

S&P warns about futures JPY strength

As per Bloomberg report, Ratings agency S&P was out on the wires warning that a future rebound in JPY could pressure Japanese sovereign credit metrics