Japan Markit Services PMI: 51.2 (July) vs previous 51.8

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Aug 5, 2015

New Zealand Growth in labour force dampens wage inflation - ANZ

Mark Smith, Senior Economist at ANZ, notes that wage inflation remained low in New Zealand ensuring the risks around OCR settings are skewed downwards, expecting a further 25bp cut in September, with the risk of a further 25bp cut next March.

AUD/JPY: consolidates the upside in bearish trend

AUD/JPY is currently trading at 91.64 with a high of 91.82 and a low of 91.62.