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Flash: USD/JPY broader trend still is positive territory – TD Securities

FXstreet.com (London) - After a survey of Japanese corporations released by Reuters earlier noted that nearly half of the respondents (48%) wanted USD/JPY to stabilize around JPY100, TD Securities noted that the broader trend in USD/JPY still looks positive.

Their research teams are looking for a test of the 105.00 area soon (61.8% Fibonacci retracement resistance from the 124/75 decline seen since 2007 stands at 105.49). Without supportive fundamentals, however, they do not expect the JPY slide to accelerate significantly over the balance of the year.

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Nomura Strategist, Yujiro Goto notes that Japanese investors are estimated to have sold JPY97bn (USD1.0bn) of foreign currency-denominated toshins last week according to NRI.
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Flash: Inflation still problematic for the UK - BBH

Brown Brothers Harriman analysts note that the UK is one of the few high income countries in which measured inflation is still problematic.
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