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6 Feb 2013

Forex Flash: Early departure from BoJ Shirakawa marginally positive for USDJPY - Nomura

After BOJ Governor Shirakawa announced he will leave his post earlier-than-expected on March 19, Nomura is out with a note to its clients saying “we have expected the new BOJ leader to embark on more aggressive easing and we think the timing of the easing is earlier now, which is marginally positive for USDJPY.”
Feb 6, 2013

Forex Flash: March RBA rate cut becoming audible - NAB

Nominal retail sales in December undershoot again, notes the NAB strategists, down now for two months afyer a -0.2% read-out which will fails to contribute to GDP for two quarters now. March RBA rate cut blip becoming audible, NAB says, with tomorrow's Dec labour market report "the next data milestone" the bank adds.
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Feb 6, 2013

Forex: EUR/USD inside its thin trading range 1.3572/96

EUR/USD is currently dealing with fresh session lows around the 1.3572, off recent session highs at 1.3596, same session highs seen in NY, inside this thin 1.3572/1.3596 band since late NY trade, with market already shifting focus to Thursday's ECB meeting, where rates are expected to remain unchanged. The pair is up by +0.49% since previous Asia-Pacific open yesterday, while it is still down by -0.55% for the week so far.
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