Nikkei declines on global growth woes

The Japanese equities index opened with a sharp negative gap of 130 points and remained lower following weak close on Wall Street overnight on the back weaker-than-expected U.S. GDP growth, despite a relatively weaker yen.
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USD/JPY to remain top heavy - OCBC Bank

Emmanuel Ng, FX Strategist at OCBC Bank, comments that soft UST yields might keep the USD/JPY pair top heavy in the near-term.
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