USD/JPY tracks Nikkei lower, revisits 112.40

The JPY bulls appear to tighten their grip once again in mid-Asia, sending USD/JPY back towards daily lows as the Japanese stocks extend to the downside.
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China: Positive industrial profits growth in January-February – Nomura

Research Team at Nomura, suggests that China’s positive industrial profits growth in January-February is further evidence that growth momentum is stabilising, but at a low level.
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