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Japan’s Aso calls for structural reforms

Japanese Finance Minister was on the wires stating the need for structural reforms as the economic continues to struggle despite multiple rounds of monetary and fiscal easing.

Key points

Personal consumption now strong in GDP reading

Q2 consumer spending and exports were weak

Government and Bank of Japan (BOJ) working to together to escape deflation, important for this to continue

 

NZD/USD trades below 0.72 as USD demand returns

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EUR/USD: Bears attacking 1.1150 support, targets 200-DMA

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