Morning Update:
The USD/JPY pair, which was growing steadily last week, is now in the downward correction due to controversial Japanese Monday’s releases. Thus, Q2 Tankan Large All Industry Capex increased to 13.6% from 2.3% in the previous quarter. Tankan Large Manufacturing Index fell to 21 points in the second quarter from 24 points in the previous period. Today, traders will pay attention to US statistics. At 15:45 (GMT+2), Markit Manufacturing PMI will be published, and at 16:00 (GMT+2), ISM Prices Paid will be released.


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