Mar 13

The yen was in focus this week due to speculation that the Bank of Japan would take steps next week to ease monetary policy even further

Mar 13
G10 Advancers and Decliners vs USD
GBP 1.04
CHF 0.95
EUR 0.64
JPY -0.24
• Austrian newspaper Der Kurier reports that France and Germany are debating a EUR55 bln rescue as soon as Easter
• Turkey agrees with IMF on fiscal rule but opinions said to differ on projections
Eurozone Industrial Production (Jan) smashed estimates at +1.7% MoM (+0.7% expected) and last month’s -1.7% print was revised up significantly to +0.6% causing a strong EURUSD rally to 1.3797…
Mar 13

Interesting intraday reversals in risk make a mishmash of the JPY crosses, though EURUSD, GBPUSD and USDCAD all show the USD struggling a bit ahead of next Tuesday’s FOMC meeting.

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