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Yen opens weaker but goes sideways

The yen is probably where the focus at the beginning of the week will be. We didn't see the kind of one-way market reaction after the BOJ adopted negative rates on Friday as those that followed introduction (April 2013) and expansion (October 2014) of QQE. Which is understandable - the latter is often seen as the ultimate tool for policy easing plus there was much less surprise factor present this time around.
Also, this market is not the same as in 2013 and 2014. Themes and sentiment are quite …
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Swissie piggybacks on Euro weakness

ECB were very dovish at their yesterday's meeting, where they signaled that they may act as early as in December. While expansion and extension of the current QE program was always a possibility, cuts to the deposit rate are back on the table despite -0.20% was often cited as a lower bound.
The most affected pair was, of course, the Euro but the Swisse took advantage of broader US dollar strength that came in the aftermath of the decision. The pair is now back above 50 DMA with September (~0.984…
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