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Germany: Factory Orders drop in August against forecasts

FXstreet.com (Barcelona) - German Factory Orders fell 0.3% in August, following a 1.9% drop the previous month, according to data released today by the Deutsche Bundesbank. Analysts expected 1.2% growth.

Flash: USD/JPY has reached the 200 day ma at 96.74 - Commerzbank

Karen Jones, Head Technical Analyst at Commerzbank mentions that the USD/JPY has reached its initial target of the 200 day ma at 96.74 and we note the TD perfected set up on the daily chart and as a consequence would tighten the stop on short positions.
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