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Session Recap: BoJ holds steady; Kiwi at 1.5 year high

The lack of activity in the Asian session saw G10 currencies moving in very slow motion, to the point of one thinking chart had gone frozen post Japan lunch time. Not even the BoJ uneventful monetary policy decision - all left as it was while waiting the new central bank governor appointment - managed to bring much volatility to the Yen crosses. One currency that continued to make merits to appreciate, and that indeed rose to a fresh 2-year high against the USD, is the Kiwi, receiving an early boost after both manufacturing and confidence readings came better-than-expected.
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Forex: EUR/USD around 1.3430/35 after French GDP

The single currency is grinding lower after the French economy contracted 0.3% QoQ during the fourth quarter, missing estimates at -0.2% and down from +0.1% in the previous quarter...
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