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Forex: GBP/USD flat ahead of UK GDP figures

FXstreet.com (Barcelona) - The sterling is trading almost unchanged from yesterday’s close in the vicinity of 1.5155/60, ahead of the final GDP figures in the UK during the fourth quarter of 2012. Prior surveys expect the British economic activity to contract 0.3% inter-quarter and to post an annual expansion of 0.3%.

Following the GDP figures, Current Account result and Total Business Investment will also be in the limelight today in the UK docket.

GBP/USD is now losing 0.03% at 1.5155 facing the next support at 1.5115 (MA10d) ahead of 1.5090 (low Mar.21) and then 1.5081 (MA21d).
On the flip side, a breakout of 1.5207 (high Mar.26) would target 1.5280 (high Mar.25) and finally the psychological mark of 1.5300

France: Gross Domestic Product (QoQ) (Q4): -0.3% vs 0.1% (Q3)

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Forex: USD/JPY peaks at 94.91 on reports about BoJ

The USD/JPY fall to 93.54 low on Monday and moved higher yesterday. Now, the question is if reversal will take place or was it mere correction. Today, the pair extended gains up to 94.91, closer to the 95.00 psychological level, on reports that the BoJ is preparing to merge its two JGB buying programs into one, with the intention of making the scale of the BOJ's easing programs more transparent.
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