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Forex Flash: Major Soul Searching after Quiet Day - OCBC Bank

Emmanuel Ng of OCBC Bank notes that global currencies took a breather and engaged in some soul searching on Tuesday with the majors ending mixed against USD on cited position adjustments and little shock value from the days headlines.

Further, he notes that a timely reminder from the Bundesbank´s Weidmann on the potential uncertainty for the Eurozone served to anchor EUR/USD. Meanwhile, Ng continues to note rhetoric from deputy BOJ governor nominees also cemented the view that the new leadership at the central bank would be in favor of further monetary easing, fueling market static about possible unorthodox measures at, or even before, the next BOJ outing on 3-4 April 13. On other fronts he writes, “the GBP was hit by disappointing industrial production figures although the GBPUSD managed to bounce off intra-day lows below 1.4850.”

Forex Flash: China rebalancing policy framework towards greater inflation focus - BBH

Ilan Solot, EM strategist at Brown Brothers Harriman believes that China is rebalancing its policy framework towards a slightly greater focus on inflation.
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Forex Flash: Yen rebounds, but dollar more broadly might reverse - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that having hit an intra-day high of 96.71 in Asian trading yesterday, the Yen has rebounded somewhat, although the dollar is still higher than the lows recorded last Friday prior to the release of the stronger than expected payrolls report.
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