More important data next week
Bond markets are in rally mode, though reaction in the JPY crosses is so far inconclusive for those looking for a bearish reversal. MAJOR HEADLINES – PREVIOUS SESSION UK Jul. GfK Consumer Confidence out at -25 vs. -23 expected Japan Jul. Nomura/JMMA Manufacturing PMI out at 50.4 vs. 48.2 in Jun. Japan Jun. Jobless Rate rose to 5.4% vs. 5.3% expected and 5.2% in May Japan Jun. Household Spending rose 0.2% YoY vs. 0.5% expected Japan Jul. Tokyo CPI fell -1.8% YoY vs. -1.7% expected Japan Jun.
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