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LME Inventory update

FXStreet (Mumbai) - The daily inventory data released by the London Metal Exchange (LME) today showed a decline in the inventory levels of Aluminium, Lead, Zinc, Nickel. Meanwhile, the data showed a rise in the inventory levels of Copper.

Aluminium inventory declined by 6775 tonnes today, while Nickel inventory declined by 438 tonnes. Copper inventory rose by 125 tonnes, while Zinc Inventory and Lead Inventory declined by 2050 tonnes and 975 tonnes respectively.

Yesterday was a weak day for commodities - DB

Jim Reid, Market Strategist at Deutsche Bank highlights that commodity markets were noticeably weaker in yesterday’s session.
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The USD/JPY pullback was inevitable - Rabobank

The Financial Markets Research Team at Rabobank comment that the corrective pullback was arguably inevitable after USD/JPY rallied to yet another year-to-date high at 115.59 on the back of the recent announcement of a fresh dose of stimulus from the BoJ.
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