USDJPY Trades Above ¥151

🇯🇵 🇯🇵 BREAKING: USDJPY Climbs Above ¥151
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EURUSD Is Headed Lower

🇪🇺 🇪🇺 EUR/USD: Failure to reclaim 50-DMA at 1.0660 could mean persistence in decline – SocGen
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ECB’s Villeroy Turns Dovish

🇪🇺 🇪🇺 BREAKING: ECB’s Villeroy: Firmly On Path To Lower Inflation Toward 2% By 2025; Core Inflation Slowdown Shows Monetary Policy Working; Confidence, Patience Must Now Guide Monetary Policy; Economy Shows ECB Rate-Hike Pause Was Fully Justified

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ECB May Cut Rates If Inflation Drops Below 3%

🇪🇺 🇪🇺 ECB’s Stournaras: Would Consider Rate Cut Should Inflation Permanently Fall Below 3% Threshold In Mid-2024
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Worry: US Labour Costs Rise

🇺🇸 🇺🇸 US employment costs unexpectedly accelerated in the third quarter, heightening concerns that a strong labor market risks keeping inflation above the Federal Reserve’s target

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Toyota Doubles Investment In Battery Plant

🇯🇵 🇯🇵 Toyota said it is more than doubling its investment in a battery plant under construction in North Carolina

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Mercedes Benz Is Undervalued

🇩🇪 🇩🇪 Mercedes Benz trades at a TTM P/E of under 4. Compared with peer German luxury car manufacturers BMW at 4.9 and Porsche at 14, Mercedes-Benz stock seems undervalued
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Watch L3 Harris

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iPhone 15 China Sales Drop

🚨 🚨 The iPhone 15 series saw a 6% decline in sales in its launch month compared with the prior year, according to data from market researcher GfK. Mobile industry tracker IDC estimates Apple’s shipments were down 4% in the third quarter

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USDJPY Climbs Further

🇯🇵 🇯🇵 BREAKING: USDJPY Surges Above ¥150.70

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