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APR 05, 2013 - Zero Hedge

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Thoughts on Three Issues Ahead of the Weekend

Ahead of the weekend, three are three key talking points: implications of yesterday's BOJ decision, ECB outlook and US jobs data. Contrary to our expectations, the BOJ did surprise the market yesterday. There was initially follow through yen selling, lifting the dollar to JPY97.20 at its best and lifting the Nikkei almost 5% and driving 10-year JGB yields down to almost 32 bp. However, by late Asia, profit-taking set in. The dollar fell briefly below JPY95. And the Nikkei, which had gapped higher at the opening (in the wake of the yen's weakness), retreated and managed to finish on the lows ... Read More

Tags: Thoughts on Three Issues Ahead of the Weekend,  Japanese Yen Latest News