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Forex Flash: Currency wars still loom as G20 meets – Deutsche Bank

FXstreet.com (Barcelona) - According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “Turning to the overnight news, the G20 is expected affirm its commitment to avoid competitive currency devaluations in a draft communiqué being prepared for this week's IMF/G20 meetings.”

The USD/JPY initially traded lower following the headline, though it has since rallied back up towards 98.00 to be unchanged on the day, probably because the language essentially maintains the G20's pledge made in February to “move towards more market-determined exchange rates". Staying in Japan, local newswires are reporting that the BoJ will raise its forecasts for consumer price growth and may say it expects to achieve 2% inflation as early as spring 2015 at its policy board meeting on April 26.

Forex Flash: Euro corrects lower following Buba Pres comments - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the euro has corrected lower with EUR/USD falling back towards the 1.30-level yesterday following dovish comments from Bundesbank President Weidmann and former ECB Executive Board member Bin Smaghi.
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Forex Flash: G20 set to tolerate Abenomics for now - DBS Group

DBS Group analysts believe that the G20 will tolerate Abenomics as long as it is not an explicit “beggar thy neighbor” policy.
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