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SEK stays wary on CPI figures – Danske Bank

Christin Tuxen, Senior Analyst at Danske Bank, noted the Swedish Krona should stay under pressure ahead of tomorrow’s key inflation figures in Sweden.

Key Quotes

EUR/SEK is trading in the high end of the 9.50-9.65 range broadly seen over the summer. The focal point for SEK this week is clearly inflation as CPIF looks set to breach 2% and Riksbank forecasts”.

“We stress that this is likely temporary and that the central bank should be able to look through it and not turn hawkish on this – indeed the latest minutes hint that Ingves and co need a sustained pick-up in price changes before they will reduce monetary stimulus”.

USD/JPY keeps the bearish outlook, potential test of 108.10 – UOB

FX Strategists at UOB Group remain bearish on the pair, while there is still room for a probable test of 108.10. Key Quotes 24-hour view: “We indica
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Japan: Strong GDP figures - BBH

Analysts at BBH explain that the 4.0% annualized expansion in Japanese GDP easily beat estimates for a 2.5% gain and 1.5% in Q1.   Key Quotes “Priva
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