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Currency Analyst since 2010

Sep. 15: Asian session

USD/JPY keeps trading above 107.00. Today is a bank holiday in Japan. Asian stocks fell after Chinese factory and retail data added to evidence a slowdown is deepening. MSCI Asia Pacific excluding Japan Index lost 1%.

EUR/USD opened with a gap up at $1.2970, but then drifted lower. GBP/USD met resistance at $1.6275 and then drifted down by about 40 pips.

AUD/USD opened the week with a large bearish gap, falling below the $0.9000 figure and testing $0.8980. Downbeat Chinese figures increased pressure on the Australian currency. NZD/USD trades under bearish pressure, hitting $0.8120 in the session. Meanwhile, Gold price recovered from a yearly low on $1225.

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