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Forex Flash: What is Abenomics - Nomura

Given the recent focus on Japanese monetary policy, much discussion has surrounded the concept of Ábenomics´ but little explanation has followed through. Consequently, Nomura economist have taken the time to clearly explain its characteristics.

They define Abenomics as a comprehensive set of economic policies proposed by Prime Minister Shinzo Abe´s Liberal Democratic Party in December 2012 during the Lower House election campaign. Abenomics rests on the three pillars of a bond monetary policy, a flexible fiscal policy and a private sector investment inducing growth strategy which are also known as the “three arrows”. Since its formation, the Abe government has prioritised these policies and has already put some measure into place. They think that Abemonics will influence Japan´s economic potential and future growth trajectory as the comprehensive policy package encompasses financial and structure reforms as well as measure to provide short term stimulus.

Forex: EUR/USD dropping further after surprising US ADP

The EUR/USD is entering new daily lows as the NY session opens and US factory orders are still to come. The pair is pressing down again, below 1.3019 (low printed on the release of US ADP employment data).
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Forex: USD/CHF approaches Friday's high of 0.9463

Investors are cheering the US ADP employment change data, that added 198K jobs in February, instead of 170K, and revised January's figure from 192K to 215K. The greenback is pushing the USD/CHF further higher, approaching Friday's high of 0.9463.
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