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Flash: Japanese/Korean currency tensions start to build - BTMU

FXstreet.com (Barcelona) - Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that tensions are rising between Japan and Korea over Japanese monetary policy.

They continue adding that in response to building tensions between Japan and South Korea as a result of the weaker yen, Japanese academic and Abe advisor, Hamada stated that instead of blaming the Japanese central bank “they should demand that the Korean central bank have a proper monetary policy”.

Flash: April BoJ minutes show caution over liquidity crunch - BBH

Brown Brothers Harriman analysts note that the recent BOJ policy minutes from the April 26 meeting showed that a few members thought the bank should consider ways to prevent a liquidity crunch in the JGB market.
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Aussie extends gains on the morning from below 0.9600

The AUD/USD has continued it’s gains throughout the European morning session, forming a bullish flag on the 5 min chart.
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