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Flash: Abe´s approval rate drops 8% - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that Japanese PM Abe’s approval rating fell 8 percentage points compared with the same survey in April, but remains high at 68%.

They add that his disapproval rating rose 3 points to 19%. Also of note, 62% of those surveyed were in favour of the current economic policy, but only 22% felt there was any improvement to the economy. They write, “The poll was conducted by Nikkei business daily. Abe popularity was probably weighed down by non economic issues such as re-starting nuclear plants (52% of Japanese are opposed) and maybe even the resurfacing of the tensions with North Korea regarding the abducted Japanese nationals.”

USD/JPY regains 101.00

The USD dollar is picking up pace against the Japanese yen, extending its bounce off lows around 100.80 and pushing the pair back above the key resistance at 101.00...
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Flash: The Euro - becalmed now, weaker later - Societe Generale

Societe Generale strategists note that with short-term rates now close to zero, peripheral bond spreads relative to Bunds have become a more important driver of the euro’s performance.
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