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Flash: Eurozone likely to keep the ECB on hold in June - TD Securities

FXstreet.com (Córdoba) - The week began quiet, but Bernanke suggesting that the Fed could look to begin tapering QE in the next few meetings sparked a rout in equities and selloff in fixed income, says the TD Securities team.

"The BoJ meeting and BoE Minutes suggested no shifts in policy stances from either at the moment, and Eurozone data so far, like slightly better May PMIs, seems likely to keep the ECB on hold in June", TD adds.

GBP/USD eases from daily highs

Following a nearly hundred-pip recovery, the GBP/USD found interim resistance at the 1.5130 area during the American afternoon and trimmed gains.
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GBP/JPY tests the 154.00 area

The Sterling is extending its recovery from 151.80 against the Japanese Yen and after a brief pause at 153.50, the GBP/JPY has extended its advance to test levels above the 154.00 area.
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