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Forex Flash: BoJ has ambitions for expansion – UBS

FXstreet.com (Barcelona) - Given the audacity of the easing announced on Thursday by the Kuroda-led BoJ, questions are naturally being asked about the Bank's capacity to execute what has been promised. According to Research Analyst Gareth Berry at UBS, “The overnight volatility in the JGB market also suggests a closer look is warranted.

As recent data suggests, the JGB market has ample room to facilitate the BoJ's. Indeed, both the Fed and the Bank of England currently hold a far greater share of their domestic markets than the BoJ.

Forex: USD/CHF stays above 0.9400

The USD/CHF is inclined to the upside and held above the 0.9400 psychological level after the decline from 0.9434 high since the European opening. The pair is currently trading at 0.9412 (+0.18% on the day).
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Forex: GBP/JPY erases gains to trade at 146.43/46

Following a retreat off overnight highs at 147.91, the GBP/JPY has now pared its gains and fallen into negative territory during European trading Friday. With the loss of the 147.00 level, the pair now trades at 146.43/46, en route to a -0.19% loss in these moments.
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