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Japan’s Nikkei eases some more ahead of BoJ

FXstreet.com (Barcelona) - Still ahead of the BoJ, Japan’s Nikkei Stock Average fell again today, by -0.72% this time, as the USD/JPY dropped below 93 for the first time in a month. South Korea’s Kospi dropped by -0.84%, and both Hong Kong’s Hang Seng (+0.04%) and Mainland China’s Shanghai Composite (-0.05%) closed around flat. Investors also followed the weaker-than-expected manufacturing ISM overnight (51.3 against consensus 54.0).

Futures for the German DAX 30 (+0.03%) are quite flat ahead of the European session, but the French CAC 40 is ready to open lower by -0.31%. ahead of the final reading of March Markit manufacturing PMI. The economic calendar will also have EMU unemployment rate and German CPI data.

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Forex: GBP/USD back to 1.5225/30

The sterling is trading back to the comfort zone around 1.5225/30 on Tuesday, after hitting fresh weekly highs in the boundaries of 1.5260 overnight ahead of interesting data in the British economy: manufacturing....
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