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Flash: Nomura's survey on USDJPY suggest higher quotes

FXstreet.com (Barcelona) - During May 16, Nomura asked global clients to share their views on the Yen. The key results were: "1) A majority of investors hold USDJPY longs. Their conviction is higher than in previous surveys. 2) Most frequent USDJPY target is 105-110 for end-2013 and 110-115 for end-2014. 3) Hedge funds and retail investors are expected to be the two key drivers for further JPY weakness. 4) Expectations for the BOJ to achieve 2% inflation is clearly higher than previous surveys..."

Session Recap: Aussie hammered; Japan showing signs of recovery

Nasty day for commodity currencies “down under” such as the Aussie that has lost -0.81% in the current session alone, and about -2.77% for the week so far, last at fresh 11-month lows 0.9740. The NZD/USD posted a fresh 6-month low below the 0.81 handle, and USD/CAD a 1-month high at 1.0223. EUR/USD was more stable down 20 pips at 1.2860, while USD/JPY was mostly unchanged around the 102.25 level.
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Forex: EUR/USD in red around 1.2880/85

The shared currency is retracing yesterday’s gains after climbing to the area of 1.2930 post-US data to the current region of 1.2880/85....
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