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Forex Flash: Institutional BoJ survey results - Nomura

FXstreet.com (Barcelona) - Nomura Strategists have conducted a global client survey to understand what is expected for the first BoJ meeting since the leadership change and for the Yen.

They feel that it is important to gauge current expectations, as the BoJ is likely to change its monetary policy framework as early as next week. They see that The BOJ is expected to announce the consolidation of two JGB buying operations (APP and Rinban) and the scrap of banknote rule next week. Further, JPY10trn of additional asset purchases are expected in 2013, with increase of the duration of JGB purchases to 10y, are expected to be announced. Finally, they note that investors see more upside in USDJPY and their positions are still tilted toward USDJPY long.

Forex Flash: Yen remains firmer as investors remain wary of contagion - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the Yen strengthened modestly in the Asian session, although gains still remain modest ahead of next week´s key BoJ monetary policy meeting.
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Forex Flash: Investors remain jittery over Cypriot developments - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that investors remain jittery in the near-term over the potential for developments in Cyprus to lead to broader contagion materially undermining investor confidence in euro-zone assets.
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