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The Bank of Japan has signalled that it is nowhere near ready to tighten monetary policy. The JPY is under significant selling pressure.
The correction on the USD of the past few sessions has continued this morning. However, there is a less decisive momentum to the move. The risk rally across major markets is also looking less assured and is on pause, for now.
In the wake of the US CPI upside surprise, markets are increasingly looking for an even more aggressive monetary policy tightening from the Fed. We look at how this impacts our preferred trading strategies on Forex, Commodities and Indices
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