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Forex Flash: USD and JPY sink as risk appetite revives - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that subsiding global jitters on Tuesday saw the majors rebounding against the greenback while USD/JPY also reclaimed the 97.00 handle and tested briefly above 98.00.

Elsewhere, he adds that the dollar was also undermined by cooler than expected CPI and industrial production data readings. For today, he notes that markets are expected to look towards the G20 meeting in Washington with discussion also likely to touch on Cyprus and the yen. He writes, “As noted previously, we do not expect the G20 to be ultimately critical of Japan’s renewed efforts to revive the economy via monetary policy. On other fronts, the Bank of Canada is expected to remain on hold at 1.00% while the Fed’s Beige Book is also due.”

Forex Flash: What does the EUR/USD have to offer? – Commerzbank and UBS

The bloc currency is navigating almost unchanged around 1.3175/80 on Wednesday. The cross found strong buying support on Tuesday, after the poor results from the German ZEW Survey lifted the cross to the 1.3200 figure...
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Forex Flash: BOJ to double monetary base in two years - Nomura

Richard Koo, Chief economist at the Nomura Research Institute notes that the BoJ is set to double the monetary base in two years.
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