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Japan's Nikkei rallies as BoJ independence is put into question

As Japan wasn't a direct target of criticism for its monetary policy intentions at the G20 meeting, the Yen started the week weaker, lending Nikkei Stock Average the opportunity to rally, by +2.09%, as Prime Minister Abe suggested to the Parliament that he considers removing the BoJ’s independence should the central bank fail to achieve 2% inflation. China's Shanghai Composite eased -0.22% and Hong Kong's Hang Seng dropped -0.24%, while Australia's S&P/ASX 200 rose +0.59% and South Korea's Kospi gained +0.04%.

Futures for the German DAX 30 (+0.22%) and the French CAC 40 (+0.01%) are signaling a higher opening ahead of EMU current account and ECB Draghi's speech.

Forex: EUR/USD bouncing off lows, around 1.3345/50

The single currency traded with an offered tone overnight, dipping to the area around 1.3320/25 after opening around 1.3350...
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Forex: GBP/USD consolidating below 1.5500

The sterling is now struggling to break above the key resistance at 1.5500 ahead of the opening bell in Europe, extending the negative tone that prevailed in the last weeks....
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