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      USD/JPY pops up a little higher

      FXStreet (Guatemala) - USD/JPY is trading at 102.47, up 0.06% on the day, having posted a daily high at 102.49 and low at 102.40.

      USD/JPY is has been on the whole bid since the economic disappointments of late from Japan of yesterday and todays business. Ipek Ozkardeskaya, FX Analyst at Swissquote Bank explained that the pair has been stuck between 100.76/105.44 since 2014 began and the range narrows as speculations for more stimulus fade. “In the near term, we will be monitoring a breakout from 100.76/103.02 range to talk about fresh direction. Option bids dominate above 103.00/50 for month ahead. We still favor the long-side of the play mostly believing that Abe is not ready to abandon his fight to fuel the Japanese economy. In case the markets reverse tendency, more stimulus, sooner tax action (or new measures) should come to rescue to cool down a potential JPY strength”.

      USD/JPY support and resistance levels

      Support levels: 102.30 101.95 101.60

      Resistance levels: 102.80 103.10 103.45

      AUD/USD bursts through 0.93, descending trendline overhead

      AUD/USD was able to strengthen for a second day in a row, with price breaking above the 0.93 round number only to face an important descending trendline off July 23 high just overhead.
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      China: Growth momentum could slow in Q3 - NAB

      Gerard Burg, Senior Economist at NAB, notes that growth momentum in China could slow in Q3, due to the strength of 2013 stimulus.
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