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Japan Machinery Orders (YoY) down to -1.1% in Apr from 2.4%

Japan Machinery Orders (MoM) declines to -8.8% in Apr from 14.2%

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USD/JPY stops the bleeding above 96.00

USD/JPY is last near session highs at 96.24, off fresh weekly lows at 95.58. “Losses almost fully retraced Fri/Mon 94.97/99.27, with immediate risk seen on retest of 94.97 and possible fresh extension of broader downtrend from 103.72,” said analyst at Windsor Brokers and contributor at FXstreet.com Slobodan Drvenica.
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