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Forex Flash: Cyclicals pull higher against USD - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that cyclical currencies, namely NZD, AUD and CAD, pulled higher against the dollar and G10 space sa risk appetite continued to improve across asset markets.

Meanwhile he notes that the latest FOMC minutes revealed several members contemplating a slowing in the asset purchase program before an exit by the end of the year, which egged USD/JPY closer to the 100.00 level while the yen also continued to flail on the crosses. He writes, “Note that this revelation also helped to cap the EUR/USD and the GBP/USD. “

Forex: USD/JPY fails to overtake 100.00 level

The USD/JPY failed to summit the 100.00 level today, stalling at 99.87 (daily maximum) during European trading. Since then, the cross has fallen into negative territory to trade at 99.61/70 in these moments, netting a loss of -0.11% Thursday.
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Asian equity markets a mixed bag Thursday

Asian stock indices were completely mixed Thursday, as Japanese markets clearly proved to be the winner today after the BoJ continued to drive the JPY lower. Moreover, overnight the BoJ appears to have taken steps towards calming the front end of the curve in particular by offering up to Y3.5 trn in yen liquidity for 12 months at a mere 10bp.
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