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Abenomics first two arrows are a success – Japan’s Suga

FXStreet (Mumbai) - Japanese government’s Chief cabinet secretary Suga, while speaking to Bloomberg, hailed the first two arrows – fiscal stimulus, monetary easing - of Abenomics as a success.

Suga added that the third arrow – structural reforms – will take more time over mid-long term. Trans-Pacific Partnership (TPP) is the most important part of third Arrow, said Suga, while stating further that TPP agreement means Japan economy can take a leap forward.

Gold/EUR ticks higher for fifth straight day

Gold prices in the EUR terms advanced for the fifth consecutive sessions after the ECB’s Nowotny called for more instruments (easing) in order to attain the inflation target.
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GBP/USD regains 100-DMA, in another run towards 1.5500

The GBP/USD pair faced rejection at 1.55 barrier and dropped sharply to fresh daily lows, only to regain lost ground and revert to 1.5480 region, where it now wavers.
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