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Forex Flash: Expect a Japanese export recovery – Nomura

Nomura strategists have taken a look at upcoming events and trends in Japan and suspect that Japan looks set to experience an export recovery in 2013.

Looking at exports, they note that despite the tension, the recovery should be driven by China´s economic recovery which is set to deliver positive growth in Q1 of 2013. They believe that the export recovery should stimulate domestic demand and ensure the overall economy is in a stable growth phase in 2013. The team especially highlight that they expect the BOJ’s policy stance to be more accommodative with the new Governor and two deputy governors, and while the main risks are Yen appreciation, other factors to watch for are a worsening European debt problem and the US and China slowing.

Forex Flash: Credit is now trying to de-couple from the QE-inspired SPX rally – Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale feels that the credit is now trying to de-couple from the QE-inspired SPX rally.
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Forex: USD/CAD surrenders gains

After reaching a 2-week high of 1.0086, the US dollar gave up earlier gains against the loonie, as it weakened broadly on better risk sentiment.
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