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Forex: GBP/JPY in 2-week highs, around 143.00

The renewed weakness surrounding the Japanese yen is pushing the cross to the area around 143.00, printing fresh 2-week highs at the same time.
It is worth noting that the BoE left unchanged both the lending benchmark and the asset purchase programme in today’s MPC meeting, surprising investors and giving extra support to the cross.

As of writing, the pair is up 1.12% at 142.86 facing the next resistance at 143.00 MA21d) and then 143.35 (high Feb.19).
On the downside, a breach of 141.45 (high Mar.6) would aim for 140.60 (low Mar.5) and then 140.49 (Tenkan Sen line).

Forex Flash: RBNZ expected to release hawkish statement – NAB

The RBA held their cash rate at 3% this week and the RBNZ is likely to leave their cash rate at 2.5% next Thursday. “Despite this calm however, divergent RBA and RBNZ cash rate paths remain likely as 2013 progresses.” Notes the NAB Analyst Team. On the RBA, they left cash at 3% but they also left their easing bias in place. For now it’s an easing bias with little intent and to cut again the economy will need to deteriorate.
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Euro finds its way to 1.3100

The dollar weakened broadly during the New York session and fell versus most competitors after the global central banks remained on hold at today's monetary policy announcements.
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