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Forex Flash: The BOJ does not seem particularly confident of achieving its target - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts feel that the BoJ does not seem particularly confident of achieving its target.

They add that in its updated outlook, it raised its core (excluding fresh food) CPI forecast, adjusted for the impact of the retail sales tax hike in 2014 and 2015 to 1.4% and 1.9%. In January, the BOJ forecast was that prices would rise by 0.9% in 2014. They finish by flagging that a Reuters poll earlier this week found a median expectation of 0.5% core CPI in 2014 and 1.0% in 2015.

Forex: EUR/USD back to the 1.3000 zone

The euro continues to consolidate around the 1.3000 mark versus the greenback, as the US GDP's inspired strength was only temporally and found resistance at the 1.3035 area.
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Forex Flash: USD/JPY looks technically bullish - Nomura

Nomura Strategist Saeed Amen has taken a look at USD/JPY and notes that the pair is technically bullish ahead.
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