USD/JPY trims losses

Following a steep decline, the USD/JPY managed to bounce from a 2-week low of 97.15 and is trimming losses ahead of the NY opening.
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US: Housing Price Index grows less than projected in August

The US Housing Price Index rose by 0.3% in August, down from the 0.8% increase registered in July, the Office of Federal Reserve Housing Enterprise Oversight reported on Wednesday. Consensus pointed to 0.8% growth.
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