Forex Flash: March RBA rate cut becoming audible - NAB

Nominal retail sales in December undershot again, notes the NAB strategists, down now for two months after a -0.2% read-out which will fails to contribute to GDP for two quarters now. March RBA rate cut blip becoming audible, NAB says, with tomorrow's Dec labour market report "the next data milestone" the bank adds.

Feb 6, 2013

Forex Flash: USD/JPY has a final capitulation feel to it now - RBS

The run in USD/JPY so far “has a final capitulation feel to it now,” FX Trading Strategist at RBS Greg Gibbs thinks, while “It is difficult to see the risk reward in buying at these levels,” the analyst adds, “too late to chase it now.”

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Feb 6, 2013

Forex Flash: Early departure from BoJ Shirakawa marginally positive for USDJPY - Nomura

After BOJ Governor Shirakawa announced he will have an earlier-than-expected resignation on March 19, Nomura is out with a note to its clients saying “we have expected the new BOJ leader to embark on more aggressive easing and we think the timing of the easing is earlier now, which is marginally positive for USDJPY.”

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