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Kuroda: Monetary policy will work only with support from financial sector

FXstreet.com (Barcelona) - In his second speech given on Monday, BoJ governor Haruhiko Kuroda emphasized that the Japanese financial sector’s support for monetary policy was crucial for boosting economic growth.

He reminded that the situation on global financial markets was still uncertain and urged banks to practice good risk management.

Forex Flash: Some short covering in JPY and EUR - Nomura

Nomura strategists have taken a look at Friday´s COT positioning data and note that there has been some short covering in JPY and EUR.
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Forex: USD/CAD fails to overtake 1.0200 level

The USD/CAD has been one of Mondays more active movers during European trading, having peaked at a session high of 1.0199 after a failed attempt at the 1.0200 level. However, in recent moments the cross has surrendered some of its gains to trade back towards the 1.0182/88 level, held by resistance. At the time of writing the pair is still operating at +0.42% above its opening.
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