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Shiozaki throws cold water on hopes for quick GPIF reform

FXStreet (Bali) - Some of the enthusiasm seen earlier in the week to keep pushing the Yen into lower territory seems to be fading somewhat, and other than a market that was starting to get over-stretched, comments from the newly appointed Minister of Health and Welfare Mr. Shiozaki are not helping to attract additional demand into Yen crosses.

According to a report from Reuters: "Shiozaki said he wanted to proceed as quickly as possible with governance reform at the world's biggest pension fund. But he said he would leave the details of asset allocations "to the experts". Some market players also question whether Shiozaki plans to go beyond market expectations in reducing bonds and raising risk assets such as stocks and foreign assets."

Some good news at last from Ukraine - FXStreet

Val Bednarik, Chief analyst at FXStreet advices with news hitting the wires overnight on a permanent cease fire between Russia and Ukraine.
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AUD/USD consolidates ahead of further key releases

AUD/USD is trading at 0.9343, down -0.03% on the day, having posted a daily high at 0.9349 and low at 0.9337.
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