New Zealand GDT Price Index came in at 3.3%, above forecasts (0.6%)

JPY futures: neutral/bullish near term

Flash data for JPY futures markets noted open interest rose more than 1.8K contracts on Tuesday from Monday’s final 205,321 contracts. Volume, instead
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USD/JPY trades with modest losses, below 112.00 handle

   •  A modest pull-back in equities underpins JPY’s safe-haven demand and exerts pressure.    •  The prevalent USD bullish sentiment extends some sup
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