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Forex Flash: Japan portfolio flows to reveal if investors stepped up – NAB

FXstreet.com (Barcelona) - According to NAB analysts: “Something to watch this morning will be the weekly Japan MoF data on portfolio flows,” due at 23:50 GMT. “This covers the week through last Saturday and will reveals the extent, if any, to which Japanese investors stepped up foreign asset buying after the BoJ announcement the previous Thursday,” said Rob Henderson, Chief Economist at National Australia Bank. USD/JPY has recovered last at 98.18 from NY session lows at 97.17.

Forex: EUR/JPY capped below 128 for now

EUR/JPY is currently correcting at fresh session lows 127.79, off daily highs at 128.12, 1 hour away from Japan trade balance data at 23:50 GMT. The cross is down -0.95% for the week so far. Nikkei index closed yesterday slightly below the 13400 points mark up +1.22% for the day, with futures now pointing for a barely positive open in a few minutes.
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Forex: Comments from Weidmann reinvigorated EUR bears - FXWW

After what looked like an impressive close above 1.3150 the previous day, EUR/USD was unable to achieve any follow through as comments from European Central Bank officials regarding current interest rates sent the pair tumbling. According to Sean Lee of FXWW: “The comments from Weidmann reinvigorated EUR bears but we are not in a market driven by interest rate plays so I do not expect this to have a lasting impact.”
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