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Forex Flash: CAD continues to underperform - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that CAD has continued to underperform in 2013.

He sees that the theme has continued following the weak Canadian retail sales report for December, with general merchandise sales recording their largest monthly decline since April 1994. He writes, “The increasingly elevated level of household debt appears to be weighing more heavily upon the consumer which may prompt the BoC to drop its tightening bias.”

Forex Flash: EUR/USD may hold bearish bias - OCBC Bank

Emmanuel Ng of OCBC Bank comments that with positive news flow running dry, EUR/USD may remain tilted south in the near term and any inability to remain afloat above 1.3182 may tempt markets to build short positions.
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Forex Flash: USD/JPY keeps eye on pending BoJ appointment - OCBC Bank

Emmanuel Ng of OCBC Bank notes that USD/JPY may remain indelibly northbound pending further news flow pertaining to the BOJ governorship nominations this week.
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