Japan considering tax system changes to encourage M&A - Asahi

The Japanese newspaper, Asahi, carries latest headlines on Tuesday, citing that the Japanese government is considering tax system changes to encourage mergers and acquisitions (M&A).

Note that PM Abe’s government delivered the much-awaited sales tax hike last month that boosted the country’s household spending at the fastest pace since comparable data available from 2001.

  • Japan’s Household Spending rises 9.5% YoY in Sept, fastest pace on record

AUD/USD clings to 100-day SMA amid few fresh catalysts, eyes of Aussie NAB data

Although AUD/USD has been under pressure for the last two days, mainly due to the trade/political tension, the quote stays above 100-day SMA.
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AUD/JPY Technical Analysis: Choppy between 21/200-day SMA

Following its failure to stay strong beyond 50% Fibonacci retracement of April-August downside, AUD/JPY drops towards 21-day SMA.
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