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Japan's Abe urges China to proceed with structural reform

FXStreet (Mumbai) - Speaking at a seminar on Friday, Japan's Prime Minister Shinzo Abe expressed his concerns over the Chinese economic slowdown and offered support to its Asian partner, while urging that China should undertake structural reforms.

The premier also added Japan's economy was getting closer to end its fight with deflation and that excessive yen strength had been corrected.

AUD/JPY eyes Wednesday’s high, above 87

The AUD/JPY cross picked-up pace and climbed to fresh daily highs beyond 87 handle in the European morning, as the AUD bulls jumped back into the game.
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Gold/EUR: Uptick stalls, hovers around 100-DMA

Gold prices in the EUR terms witnessed moderate strength in Asia, but he momentum appears to have stalled in Europe. The metal now hovers around 100-DMA at EUR 1019.30/Oz.
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