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Forex Flash: The BOJ plan is really a doubling down on the previous LDP strategy - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts believe that in a nutshell, the BoJ plan is really just a double down on the previous LDP strategy.

They note that it will be buying about JPY7.4 trln in JGBS, up from about JPY4 trln now and will increase the average maturity from 3 years to 7. Further, they add that it intends to increase its monetary base from JPY138 trln at the end of last year to JPY200 trln by the end of this year and JPY270 trln by the end of next year. They write, “This will be largely reserve deposits which will rise from JPY47 trln to JPY175 trln.”

Commodities Brief – Precious metals rally, silver retakes 27.00 level

Gold prices made a comeback Friday after the release of lackluster US economic data earlier today. American trading was seen staunchly in the red, which created an impetus for the yellow metal. After multiple days of notable losses, gold prices are now trading at USD $1566.71 per oz. presently, slightly off its highs in the 1570 region.
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Forex Flash: Flat US economic activity a product of seasonals? – Westpac

Much has been made of supposedly biased US seasonal adjustment factors that have boosted jobs at the turn of the year in recent years before delivering softer outcomes into the middle of the year. According to the Westpac Strategy Team, “We are not so sure that the soft March US data is an artifact of faulty seasonals. If the seasonal adjustments are indeed biased they should if anything continue to flatter US activity for a couple more months”.
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