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Japan’s Tamura instructed to accelerate review of GPIF

FXStreet (Bali) - Japan’s Health minister is crossing the wires saying that he has been instructed by PM Abe to accelerate review of Government Pension Investment Fund’s asset allocation.

Reuters carries further headlines, noting: "To urge Government Pension Investment Fund to complete review process quickly, Must change GPIF asset allocation in line with changes in japan’s economic environment,
Should not delay GPIF review process, Can’t say now when GPIF can complete review of allocation target levels."

Australian construction PMI improves, still in contraction territory

Australia's AIG construction PMI for the month of May improved to 46.7 vs 45.9 last.
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EUR/JPY stalling at 140 so far

EUR/JPY is trading at 139.86, down -0.03% on the day, having posted a daily high at 140.00 and low at 139.83.
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