[B][U]Fundamental Headlines[/U][/B]
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[B]USDJPY - [/B][B]Growth contracts more than expected in the world?s largest economy. For the second quarter, the economy contracted by -1.2 percent. The figure dampens any hope of a rate increase by the Bank of Japan.[/B] -
[B]GBPUSD - [/B][B]UK[/B][B] producer prices rise less than expected on both perspectives, input and output. The market turns to wage costs later in the week in determining inflationary pressures. [/B]
[B]- [/B][B]EURUSD - [/B]European economic growth remains supported as per French manufacturing and industrial production for the month.
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[B]Yen Carry Pairs [/B]slightly lower as risk appetite pares back on US growth slowdown. Equity markets move lower in the US and Europe as bond demand increases. -
[B]Attention will be turned to [/B]Fed speakers later today. Schedule includes commentary from Fisher, Yellen and Lockhart. All three are likely expected to comment on current conditions.
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[B]Written by: Richard Lee, Currency Strategist[/B]