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Fed: a comfort for EM's? - Rabobank

Analysts at Rabobank explained that while the market is currently suspicious of the Fed’s reasons for delaying its first rate hike, lower for longer US interest rates should provide some comfort for EM economies, in particular those with large USD denominated liabilities (such as Brazil).
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USD/JPY: Yen well bid amid flight to safety, around 119.80

The offered tone around the USD/JPY pair keeps growing bigger in the mid-Asian trades, sending USD/JPY to fresh session lows on the 119 handle.
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