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China's economic indicators keep beating expectations

FXstreet.com (Barcelona) - China's Industrial Production (YoY) for the month of August came at 10.4% vs 9.9% exp and 9.7% in July, with Retail Sales (YoY) (Aug) showing a 13.4% vs 13.2% exp and 13.2% prior. Meanwhile, China's Urban investment (YTD) (YoY) (Aug) printed 20.3% vs 20.2% exp and 20.1% last. According to David Scutt, Treasury Dealer at Arab Bank in Australia, "On every measure they've just beaten expectations "

China August Urban investment (YTD) (YoY) up to 20.3% vs 20.1%

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Flash: Time for another leg up in USD/JPY - RBS

According to Greg Gibbs, FX Strategist at RBS, this is the time that the BoJ policy should produce further weakness in JPY once again, as easing policies are not expected to be removed for at least two years - may even be enhanced -, putting downside pressure on Japanese yields while other global bond markets are behaving inversely, Gibbs said.
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