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Forex Flash: US NFP risks to the downside by uncertainty from sequestration – TD Securities

FXstreet.com (Barcelona) - The last big event in the market this week is the US nonfarm payrolls report today: “The positive momentum in US labor market activity should be sustained in March, with the economy adding a further +195K jobs”, wrote TD Securities analysts. “While this will be a slowdown from the robust 236K pace in February, it is in line with the 6m trend”, they continued, adding that growth should be broadly-based, reflecting the improved tone in economic growth performance in Q1. “Notwithstanding this constructive view, and believe the recent initial claims/ADP report suggest downside in the coming months, risks are tilted to the downside reflecting the uncertainty on the impact from sequestration”, they concluded.

Germany: Factory Orders flat in February

German Factory Orders remained unchanged in February, following a 2.1% drop the previous month, Deutsche Bundesbank informed today. Analysts expected a 1.5% decrease.
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Forex Flash: Risk of Japanese upheaval abates – UBS

The USD/JPY managed to break to a new multi-year high of 97.20, but surrendered gains after trading in JGB futures was temporarily halted. JGB yields gyrated widely in illiquid conditions in the wake of Thursday's aggressive easing by the BoJ. The 10y yield opened sharply lower and then swung within a 32.5 bp-65 bp range – at one point climbing back above levels which prevailed before Thursday's BoJ announcement.
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