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China's Caixin Services PMI unexpectedly drops to 52.5 in February vs. 52.9 expected

China's Services Purchasing Managers' Index (PMI) unexpectedly fell to 52.5 in February, as against the January reading of 52.7, the latest data published by Caixin showed on Tuesday.

The market forecast was for a 52.9 print.     

Japanese Yen bulls remain on the sidelines despite hot Tokyo CPI, lack of USD buying

The Japanese Yen (JPY) ticks higher during the Asian session and reverses a part of the previous day's losses after data released on Tuesday showed that consumer inflation in Tokyo – Japan's capital city – rebounded from 22-month lows in February.
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