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Forex Flash: USD/JPY finally takes 100.00 following US developments - DBS Group

FXstreet.com (Barcelona) - DBS Group analysts note that USD/JPY finally broke above the psychological 100 level in overnight US markets.

They note that the rise from around 98.70 started with the release of better-than expected US jobless claims data and the break above 100 came during the hour when Philadelphia Fed President Charles Plosser said that he was not worried that inflation was below the Fed’s target. They note that Plosser favors reducing asset purchases.

UK: Goods Trade deficit narrows slightly in March

UK Goods Trade deficit narrowed to £9.056 billion in March from £9.165 billion in February, according to data released today by National Statistics. Analysts expected the deficit to narrow to £9.000 billion.
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Forex: EUR/JPY falls off highs to 131.83/84

The EUR/JPY has quietly flown under the radar with all the focus on the USD/JPY action. Though the fact clearly remains that the yen is under siege from all angles, with the cross now notching firm gains. A recent intraday high was capped at 132.19, leading to an easing back to 131.83/84 in these moments.
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