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Forex Flash: US-Japanese monetary policies start to diverge - BTMU

FXstreet.com (Barcelona) - 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.

He notes that given the 2.5% jump in USD/JPY in the wake of the BOJ announcement it is also worth noting comments from San Francisco Fed President Williams who stated that although now was too early to consider a Fed policy shift, by the summer it could be time to taper asset purchases before ending the program “late this year”.

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

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.
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UK: PMI Services improves to 52.4 in March

UK PMI Services increased to 52.4 points in March, from 51.8 points in February, according to data released today by Markit. Analysts expected a decrease to 51.5.
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