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Forex Flash: Abe nominate Kuroda for BoJ hotseat - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that last night Mr Abe has duly nominated Mr. Kuroda as BOJ Governor.

As a consequence, he highlights that USD/JPY held above 91 and is in a clear 91-94.5 range. He writes, “If I fancy an eventual break lower in EUR/USD, I fancy a break higher in USD/JPY but that’s more of a March than a February 28 story.”

Forex: EUR/USD tumbles after German unemployment and Mario Monti

Following German unemployment figures and Italy's PM words, while ahead of EMU and German CPI data, the EUR/USD slipped below the opening price and fell to the lower area of 1.31. Currently, the pair trades at 1.3114 (-0.17% on the day).
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Forex: EUR/NOK unchanged after sales

The Norwegian krona is now gathering pace against the single currency, after Retail Sales in the Nordic economy expanded 1.0% during January, surpassing December’s raise at 0.2%...
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