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Forex Flash: USD to trade more robustly against KRW, PHP and SGD – ANZ

FXstreet.com (Barcelona) - According to Richard Yetsenga & Khoon Goh, analysts at ANZ Research: “The US dollar is likely to trade more robustly against currencies where competitive pressure from Japan or policymaker resistance are likely to be greatest,” the team says, “or where the risk of a reallocation of global equity capital toward Japan is prevalent.”

“KRW, PHP and SGD are prominent here,” they add, concluding: “KRW, in particular, is particularly vulnerable to the loss of export strength given the reliance of the currency on the current account.”

Forex Flash: Japan bond market showing rising inflation expectations - RBS

“The Japanese bond market has been quite volatile since the BoJ policy announcement,” says Greg Gibbs FX Trading Strategist at RBS. “Despite the very aggressive purchases planned by the BoJ across the curve that will essentially absorb net new issuance by the government over the next two years, and potentially until the BoJ makes its 2% inflation target, yields have rebounded significantly in recent sessions,” the analyst notes.
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Forex Flash: NZD/JPY at 95 not outside the bounds of possibility - BNZ

With NZD/JPY last at 84.46, off recent fresh 5-year highs at 84.75, Currency Strategist at BNZ Mike Jones says “that further appreciation in NZD/JPY is likely.”
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