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Justin Low

BOE’s Broadbent: Market pricing of bank rate path implies pretty material hit to demand

The justification for tighter policy is clearWhether interest rates have to rise by as much as currently priced in financial markets remains to be seenFull commentsThere's a slight pullback on market pricing for...

Japan top currency diplomat Kanda: We are always ready to take action in forex market

Excessive and disorderly forex moves have negative impact on the economyWill not comment on forex levelsWill not comment on whether we are intervening now or have intervened todayAs much as there was a...

USD/JPY hits 150.00, a bit of a wrestle at the key level

The pair is getting a bit jumpy around the 150.00 mark but if you ask me, I wouldn't label it as intervention. Profit-taking and position squaring seems more plausible as we take a...

Eurostoxx futures -0.3% in early European trading

German DAX futures -0.3%UK FTSE futures -0.1%This comes alongside a sluggish mood seen in US futures, with S&P 500 futures down 0.1% as well. The mood is helped out a little by news...

German PPI, Eurozone current account balance on the agenda today

There was a bit of a brief respite in markets from the headline earlier that China is considering to reduce its inbound quarantine period from 10 days to 7 days. The dollar shot...

Dollar eases as China reportedly mulls reducing quarantine period

There's a bit of suspicion of MOF intervention at first but that doesn't look likely to be the case considering how quickly USD/JPY was not really affected. Instead, the dollar was seen weakening...

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