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JPY Lags In Slow Start To Tokyo Session

FOREX

The JPY has slipped in muted Asia-Pac trade, despite the absence of any notable headline catalysts. Yesterday's BoJ rhetoric might be playing a role here, as Gov Kuroda brushed away speculation that a shift away from the current ultra-loose policy settings could be on the horizon. More broadly, U.S. e-mini futures have moved back into positive territory, which might have applied some incremental pressure to the yen.

  • German, UK & Canadian inflation data, U.S. housing starts & building permits as well as comments from ECB's Holzmann & BoE officials take focus from here.
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