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Flash: What is the outlook for Fed policy? - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts have asked, “What is the outlook for Fed policy?”

They begin by noting the dramatic market reaction notwithstanding, they think Bernanke and the FOMC minutes were clear. Bernanke essential said “no” to calls from some members to consider scaling back on the long-term asset purchases at next month's meeting. They feel that this meeting it is too early, and he and the majority of the FOMC needed several more months of data to make that determination, and “when that determination is made, we are talking about the pace of QE, not terminating it.” In addition, they note that the Fed and some economists argue that the accommodation of QE lies in the stock of long-term assets that the central bank keeps off the market, not so much with the flow of purchases.

Flash: USD/JPY follows Nikkei while AUD shorts double - OCBC Bank

Emmanuel Ng of OCBC Bank notes that USD/JPY´s prospects appear to be lead by price action in the Niklkei while on the CTFC front, AUD shorts more than doubled last week.
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Flash: EM views in a messy environment - Nomura

Nomura strategists note that on the EM FX front, they think it is time to think fresh.
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