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Forex Flash: BoJ takes focus off Eurozone premia – UBS

FXstreet.com (Barcelona) - Nobody wants to paint an overly rosy picture for the Eurozone in light of recent developments. Indeed, the ability for the Eurozone to uncover new sources of higher risk premia has been impressive.

Even with a shift towards pro-growth policies, some structural factors especially related to private sector competitiveness still need to be addressed before investors are convinced. “Nonetheless, the market perhaps may realize soon that the key to unlock Japanese fund flow into Europe will need to be forged in Brussels and Frankfurt, not in Tokyo.” warns Research Analyst Gareth Berry at UBS.

Forex: GBP/JPY finds support at 151.10, back above 151.50

After falling around 160 pips in the American session from 152.70, the GBP/JPY has found support at 151.10 where the pair has bounced back to trade above the 151.50 level. Currently the pair is pricing at 151.65.
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Forex: USD/CAD falls to fresh lows beneath 1.0180

The USD/CAD extended its decline, breaking below the 1.0180 support level and Asian session low as the greenback continues to be heavily sold against most rivals.
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