EUR-USD trading has been somewhat erratic, clocking a two-day low today after making a two-day high yesterday. Yesterday's peak was left at 1.0800, and the pair failed to sustain gains above the 20-day moving average at 1.0762. The low seen in Asia was 1.0691. USD-JPY has posted a fourth consecutive up day, reaching a nine-day peak of 120.09. BoJ boss Kuroda said today that a QQE exit is not being considered, and that while he expects inflation to pick up in the second half of the financial year the 2% target may not be achieved until early in the next financial year.
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