Australia Building Permits (YoY) down to -8.4% in November from previous 12.3%

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USD/JPY: can USD/JPY break below 118.00?

USD/JPY is relatively quiet at the moment. The market has been in risk-off mode for the start of the year and a lot of that has already been priced into the Yen. USD/JPY has taken out key levels on the way down, but there is a good deal of support in the 118 handle slowing down the bears momentum.
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Australia building approvals collapse in November

Australia building approvals (MoM) for November came in at -12.7% vs -3.0% expected and 3.9% last, with the YoY read in November at -8.4% vs 3.9% expected and 12.3% last.
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