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Forex Flash: Japan flush with liquidity after BoJ easing – UBS

FXstreet.com (Barcelona) - Ever since the Bank of Japan's round of additional easing on April 4th, investors have wondered where all the fresh liquidity will turn up. Will flows fan out across the globe? Or stay at home perhaps, moving into domestic stocks instead?

Foreign currency holdings of Japan's mutual fund industry increased by $15.5 bn during the month of April. That's the biggest monthly increase since February 2012. According to Research Analyst Gareth Berry at UBS, “The fresh liquidity is not all leaking abroad though - holdings of yen-denominated assets grew by $35 bn. That's the single-biggest monthly increase since records began.”

Forex: AUD/USD bounces off 0.9830

The Aussie dollar found buying interest in session lows around 0.9830 so far, lifting the cross to the current area of 0.9840/45 although trading well into the red figures, despite the better-than-expected...
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Forex: USD/CHF trading at session highs at 0.9683/85

The USD/CHF recovered off its overnight dip yesterday, which erased some of yesterdays steadfast gains. Thursday has seen the pair back on the rise and chugging along, albeit ahead of the economic data release in the EMU later today. In these moments the pair is operating at session highs at 0.9683/85, up +0.37% during European trading.
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