China M2 Money Supply (YoY) above expectations (11%) in June: Actual (11.8%)

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USD/JPY: Bulls take a breather, eases to 123.50

The USD/JPY pair gave back early gains and trades almost unchanged in the mid-Asian session, as the USD bulls took a breather from its recent risk-on sentiment led upsurge ahead of a set of crucial US data flow due later today.
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