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Forex Flash: Both BoE and ECB have a lot to live up to - BTMU

FXstreet.com (Barcelona) - Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that both Both the ECB and the BOE have a lot to live up to after that BOJ announcement and we expect that both central banks will announce unchanged stances.

He writes, “We still expect the ECB to cut but today is premature and today could be more about Draghi reassuring the markets that progress is being made. The BOE decision in the wake of the announcement of a remit change could be more interesting given Governor King is pushing for restarting QE. The Cyprus shock won’t help the UK economy and there is certainly a potential for a surprise from the BOE.”

Forex: USD/JPY eyes 95.70 post-Kuroda announcements

Governor H.Kuroda finally delivered, and yen-bears continue to celebrate! The increased weakness surrounding the Japanese yen is pushing the cross to fresh 2-week highs in the boundaries of 95.70, after...
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Forex Flash: US-Japanese monetary policies start to diverge - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that this is the first time in a while that a clear potential divergence between US and Japanese monetary policy has taken shape.
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