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Forex Flash: The time has come for the Bank of Japan to deliver - Societe Generale

FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale believes that the time has come for the BoJ to deliver.

He notes that this is the first formal policy meeting under the new governor and two new deputy governors who will in his view break new ground in terms of policy easing. He writes, “We expect a strengthened commitment to achieving the new 2% inflation target, backed by a large expansion of asset purchases. The possibility of reductions in some policy rates should also not be discounted, though given the level of current rates these would be largely symbolic. In short, we expect the BoJ to break with tradition and embark on a truly “bold” monetary policy as demanded by the new government.”

Forex Flash: UK March construction PMI confirms soft economy suspicions - BBH

Brown Brothers Harriman analysts note that UK March construction PMI came in slightly lower than expected at 47.2 (exp. 48.0), consistent with our view that the UK economy remains soft overall.
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Forex: USD/JPY dips to session lows on ADP

The renewed weakness of the greenback is dragging the cross to fresh intraday lows in the vicinity of 93.20/30 on Wednesday, after the ADP result disappointed traders. According to the ADP, the...
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