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Rise in Chinese CPI temporary due to seasonal factors?

FXStreet (Mumbai) - As noted earlier, the uptick in price pressures was mainly driven by the health care, personal activities and transportation sector.

However, the National Bureau of Statistics (NBS) said rain and snow in northern China last month hurt production and transportation of fresh vegetables and fruits, pushing up food prices and therefore, consumer prices.

AUD/JPY tests 89 handle on China CPI

The Australian dollar reversed a part of previous losses and edged higher against its Japanese counterpart this session, driving AUD/JPY to fresh session highs just a hair-line short of 89 handle.
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USD/JPY drops in tandem with Nikkei, eyes Tuesday’s low

USD/JPY met fresh supply just ahead of hourly 200-SMA at 123.02 and dropped sharply to fresh session lows near 122.80 region as risk-off moods persist, despite better than expected Chinese CPI data.
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