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Forex Flash: Yen indifferent to global developments - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that the heightened political tensions in Europe and the decline in US yields has not been sufficient to lift the yen.

He notes that the dollar´s lows against the Yen were set at the start of last week, just below JPY 91 and it recorded higher lows each day thereafter. He writes, “We remain skeptical of the renewed yen weakness, but respect the price action. After taking profits in February, leveraged accounts are believed to be re-establishing positions and interest in JPY100 strike calls for 2-3 months tenor has been reported.”

Forex Flash: Euro-politics, US sequester and Chinese data feed risk-off sentiment - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the US sequester, softer Chinese non- manufacturing PMI data, and on-going Italian political uncertainty are giving us, again, a somewhat risk averse start to the week.
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Forex Flash: Kuroda comments have little impact upon the yen - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that Yen strengthened modestly overnight as comments from new BoJ Governor nominee Kuroda have only had a limited impact on the currency.
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