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BOJ’s Kuroda: Upward revision to GDP forecasts due to government stimulus plan

Further comments are crossing the wires from the Bank of Japan (BOJ) Governor Kuroda, as he continues to address the post-monetary policy presser this Tuesday.

Key Quotes:

Risk sentiment recovering worldwide pushing up stocks.

Downside risks from overseas economies still large.

Keeping inflation target helps stabilize currencies in long run.

Benefits from policy outweighing costs now.

Must pay attention to side effects from policy.

Lower rates having positive impact on households as a whole.

Upward revision to GDP forecasts due to govt stimulus plan.

GBP/USD is well-positioned ahead of the UK jobs report— Confluence Detector

GBP/USD is looking for a new direction ahead of the all-important UK jobs report. How is it positioned? The Technical Confluences Indicator is showing
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USD/JPY slides to multi-day lows, farther below 110.00 mark

The USD/JPY pair consolidated intraday losses and was seen oscillating in a narrow trading band below the key 110.00 psychological mark. The pair came
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