Aug 9, 2013
Session Recap: USD stalls the decline around 81 DXY; China CPI disappoints
The USD had an initial part of the last Asian trading session of the week well bid on the back of Yen weakness, with USD/JPY posting highs shy of the 97 handle, but coupled with some weak domestic data including worst tertiary industry activity for Japan in last 3 months, and hard Nikkei selling from session highs, it wasn't long till USD/JPY printed session lows at 96.30.
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