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Eurozone: Deflation may not prompt ECB for further easing – BBH

FXStreet (Delhi) – Research Team at BBH, suggest that the ECB officials had warned of the risk of a negative CPI print, so they were likely not surprised by the news of Eurozone falling into deflation and this in turn suggests that this news may not be sufficient to spur the ECB into altering its asset purchase purchases when it meets next month (October 22).

Key Quotes

“Today, investors learned that deflation returned to EMU in September for the first time since March. The dramatic slide in Spanish prices and softer than expected German CPI yesterday gave strong hints of disappointment today and surveys were not readjusted to incorporate that information. Energy prices are likely the main culprit, as core inflation was steady at 0.9%.”

BOJ: Investors awaiting the policy response in lieu of risk of recession – BBH

Research Team at BBH, suggest that investors in Japan are focused on the likely policy response to the downdraft in the data.
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USD/JPY retreats from highs, near 120.10

After climbing as high as the 120.35/40 band in early trade, USD/JPY has now surrendered part of those gains and is now back to the 120.10 area...
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