Flash: JPY on demand on tax hike implementations - Scotiabank

FXstreet.com (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank note the performance of the Yen in relation to the BoJ monthly assessment.


Key Quotes:

"The BoJ monthly assessment highlighted that there has been a front loaded increase in demand prior to the consumption tax hike being implemented. There were also a slew of media articles on Abe’s progress today."

EUR/USD failed around 1.3680

The EUR rally seems to have run out of legs in the boundaries of 1.3680 on Thursday, with the EUR/USD now retreating a tad lower to 1.3675/70...
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Flash: BoC leaning on a weaker CAD - BMO

Stephen Gallo, European Head of Currency Strategy at BMO Capital said, "All things being equal, we really don’t think the BoC’s ‘dovishness’ yesterday was flagrant enough to justify another sharp move lower in the CAD over the immediate post-BoC time period. However, all things are not always ‘equal’, and this is just what we’ve experienced."
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