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USD/JPY extends drop as Fed message carries...>

FOREX
FOREX: USD/JPY extends drop as Fed message carries through Europe
-JPY is comfortably the best performer in G10 Thursday morning as the Fed's
press conference and policy decision yesterday reverberates through markets. The
USD holds weaker against all other majors, helping press USD/JPY further below
Y109 to target the Y108.50 mark.
-European equities failed to follow the lead of their US counterparts, with core
Europe faltering on a spell of dire data: German retail sales fell sharply and
jobs data disappointed while Spain's CPI fell below expectations. EUR/USD sits
back below $1.15 on the news, but holds the majority of yesterday's Fed-inspired
gains.
-Antipodean FX trades well, with NZD buoyed by S&P affirming the country's AA
rating, while lifting the outlook to positive from stable. NZD/USD touched the
best levels since early December this morning.
-Canadian GDP, US weekly jobless claims, new home sales and MNI Chicago PMI
report are the data highlights. ECB's Mersch and Weidmann are due to speak as
well as BoC's Wilkins.

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