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      Japan to continue moderate economic recovery – BOJ’s Kuroda

      FXStreet (Mumbai) - The Bank of Japan (BOJ) governor Kuroda was on the wires today, reiterating that Japan is likely to continue its moderate economic recovery.

      Key Quotes

      Will watch risks, adjust policy, virtuous cycle intact in the Japanese economy

      BOJ easing is having the intended effects

      Will keep easing until 2% inflation stable

      Emerging markets are slowing down

      USD/JPY resistance remains around 120.80 – OCBC

      Emmanuel Ng, FX Strategist at OCBC Bank, sees the upside in the pair facing strong resistance in the 120.80 area so far...
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      UK: Strengthening labour market raise hopes of early rate hike from BoE - Nomura

      Philip Rush, Research Analyst at Nomura, suggests that the recent headline statistics from the latest labour market report of UK were mostly better than expected and has further reignited the debate that BoE should go ahead with an early rate hike.
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