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USDJPY the big mover again – TD Securities

FXStreet (Barcelona) - Jacqui Douglas, Senior Global Strategist of Rates and FX Research at TD Securities comments on USDJPY, as it rose to new recent highs through 116 on speculation surrounding delay in the tax hike.

Key Quotes

“The European session was a fairly quiet one, with no Eurozone or UK data, and Swedish CPI being the highlight of our morning.”

“Risk sentiment is mixed, with European equities posting small gains on the day, but crude oil prices continuing to look heavy and trading near their recent lows.”

“In FX the big mover has been USDJPY, as it rose to new recent highs through 116 on more chatter of Abe delaying the tax hike that’s scheduled for next year, potentially leading to snap elections.”

“While outside of that we’ve just generally seen small USD gains across G10 FX.”

“Emerging markets have been a little more interesting with USDRUB up another >2% on the day on lower oil prices and a potential resumption of tensions with Ukraine.”

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