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Forex Flash: Few surprises from Kuroda maiden speech - OCBC Bank

FXstreet.com (Barcelona) - OCBC Bank analysts note that in his inaugral news conference, newly elected Bank of Japan governor Kuroda expressed his commitments to do whatever it takes to beat deflation.

They write, “He said during the conference that “quantitative easing is indispensable.” Meanwhile, he also said BOJ purchase should target longer term financial assets, dismissing the concerns on potential asset bubbles. On Yen, he said "If you are asking whether correction in yen strength contributes to our efforts to get out of deflation, yes, I'd say it does." Elsewhere, they add that North Korea threatened to attack American military bases in Japan and Guam in retaliation for recent training missions over South Korea.

Forex Flash: South Korean new FinMin doesn´t guarantee a rate cut - Nomura

Nomura economist Young Sun Kwon notes that South Korean President Park Geun-Hye today appointed Dr. Hyun Oh-Seok as finance minister.
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Forex: USD/JPY at 94.50 while officials talk about Cyprus

The USD/JPY extended its downside to 94.20 low as the European session opened and the IFO March survey showed disappointing figures in Germany. The pair has been able to bounce back to 94.50 while investors are kept on their toes in regard to Cyprus.
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