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14 Jan 2015

BoJ chatter and global jitters; looking of USD/JPY bounce - OCBC Bank

FXStreet (Guatemala) - Emmanuel Ng, FX Strategist at OCBC Bank noted the market chatter around the BoJ of late.

Key Quotes:

"Amid market chatter that the BOJ may reduce its CPI projections for the coming fiscal year and with the Fed’s Kocherlakota expressing unease with low long term yields, expect USD/JPY to potentially bounce beyond the short term if the JPY manages to work through the current global jitters".
Jan 14, 2015

GBP/USD consolidating above 1.5200

The buying interest is picking up pace around the sterling now, with GBP/USD hovering over 1.5230/35 after climbing as high as 1.5270...
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Jan 14, 2015

NZD/USD settles at mid-range

NZD/USD has settled at mid-range, little changed on the day, after wavering between small losses and gains tracking commodities moves and investors sentiment.
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