Producers of metals and other raw materials slipped as data from China weighed on the outlook for economic growth. Reports in China showed factory activity contracting, home sales plunging and.
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Yen extended its late last week's slide in Asian session today, a downward trajectory that prevailed despite a notable ascent in 10-year JGB yields above the 0.6% mark. Market watchers seemed to have absorbed BoJ's recent communication effectively that the added flexibility to its yield curve control doesn't suggest an impending tightening cycle. As a result, Yen might stay under selling pressure in the short-term, especially if the ongoing investor enthusiasm about Japan's economic prospects, mirrored in the resilient Nikkei index, holds.