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BOJ's Nakaso: There is no plan to abandon 2% price target

Bank of Japan (BOJ) deputy governor is back on the wires now, via Reuters, addressing the Q & A session that followed his scheduled speech.

Key Quotes:

“Comprehensive review will not lead to reduction in monetary easing”

“BOJ won't conduct policy to affect fx”

“BOJ is conducting policy in line with G7/G20 agreement”

“Trading to affect fx rates falls under jurisdiction of MOF”

“Does not see big meaning of debating whether to ditch BOJ's 2-year time frame for hitting inflation goal”

Japan: Q2 GDP beat expectations - TDS

Research Team at TDS, suggests that the final reading for Japanese Q2 GDP beat expectations, +0.7%/q compared to a moderate +0.2% rise. Key Quotes “
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GBP/USD clings to gains near 1.3350, ECB eyed

Sterling is now managing to keep the trade in the positive territory following yesterday’s retracement, with GBP/USD hovering over the mid-1.3300s. G
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