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Australia Private Capital Expenditure below expectations (-1%) in 4Q: Actual (-2.1%)

USD/JPY: risks mounting to the downside, watch 112.90

Currently, USD/JPY is trading at 113.36, up 0.25% on the day, having posted a daily high at 113.48 and low at 113.02. March Fed rate hike is off the
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Australian capex Q4: Downbeat in both headline and 2017/18 estimate

Australian capex (private capital expenditure) for Q4 has disappointed market participants, following a capex headline of -2.1% q/q vs -0.5% expected
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