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Forex Flash: Abe announces formal Japanese intention to enter TPP talks - OCBC Bank

OCBC Bank Treasury Analysts note that Japanese Prime Minister Abe has formally announced Japan’s intention to join TPP talks, indicating that the TPP will spur more growth in Japan.

They write, “He also suggested that the economy is steadily recovering while vowing to protect Japan’s agricultural sector. Proponents of the talks cheered the announcement, amid anticipation that PM Abe will push for new reforms and deregulation of various sectors.”

Forex Flash: AUD/USD further weakness remains in store for the days to come - Commerzbank

The AUD/USD reached 1.0414 (61.8% Fibonacci retracement of this year’s decline), being rejected and falling to 1.0333 earlier today. “Further weakness remains in store for the days to come with the one month support line at 1.0292 being eyed this week”, wrote analyst Karen Jones. “Our longer term outlook remains negative with the 2011-2013 support line at 0.9817 remaining in the picture and then the 0.9404 2009 peak”, she added.
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Forex Flash: Italian centre-left secures presidency of both houses - Nomura

Nomura economists Silvio Peruzzo and Jacques Cailloux note that following the presidency developments, focus now shifts to attempts to form an actual government.
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