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Japan: Abe says country has left behind its ‘Deflationary Mindset’ – Goldman Sachs

FXStreet (Delhi) – Samuel Wong, Fixed Income Strategist at Goldman Sachs, notes that the Japanese PM Abe said that his nation has successfully shrugged off the "deflation mindset" even as the BOJ’s main inflation gauge dropped into negative territory last month, marking the first minus figure since April 2013.

Key Quotes

“In his remarks, The government will focus on putting the economy on the path to robust growth via a new policy program called Abenomics 2.0., Abe said. “I am determined, in cooperation with the Bank of Japan, to do whatever it takes to put the economy on a robust growth track,” Abe said.”

“Under Abenomics 2.0, the government will aim to boost the economy to 600 trillion yen, up about 20 percent from where it is now, and to put more money aside to support early education and bolster the social welfare system.”

US: Market focus on ADP, Chicago PMI and Fed speakers – TDS

Prashant Newnaha, Rates Strategist at TD Securities, suggests that in the US, domestic data and events will continue to compete with global risk market sentiment, with ADP and Chicago PMI attempting to muscle US data back into the limelight.
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USD/CHF still targets 0.9903 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the pair could re-visit the 0.9903 level...
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