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Aug. 8: Asian session


USD/JPY slid to 101.60. Japanese yen and Swiss franc climbed after President Barack Obama authorized targeted air strikes in Iraq, increasing demand for safe havens amid geopolitical conflicts in Ukraine and across the Middle East. Asian stocks declined. The Bank of Japan kept monetary policy unchanged. It will also conduct a press conference later today.

AUD/USD extends the decline, falling to $0.9230. The RBA monetary policy statement revealed that the bank cut inflation and growth forecasts. Australian regulator maintains the view that AUD is high by historical standards and will likely depreciate over time. NZD/USD dipped to $0.9440. Gold and oil prices went moved higher in the session.

EUR/USD dipped to $1.3343 before returning to the $1.3360 area. GBP/USD fell to $1.6800.

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