USD/JPY: Sub 119 on the back of FOMC minutes; steady on Tokyo open

USD/JPY is currently trading at 118.70 in the open of Tokyo with a high of 118.80 and a low of 118.63.
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UK: Sspare capacity being used up - Nomura

Philip Rush, European Economist at Nomura, notes that Wed's UK labour data provided additional evidence that spare capacity is being used up.
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