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trouble??.again

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• trouble??.again
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ratehikes ECB hawkishness atthe 2 yieldsbroke toprofit didn??.tdare didn??.t FX themarket nextweek

beinstigated alsofor andthis FX Q1 couldbe Theinflation (PCE) poorGDP

disappointmentwould week??.s euroon

USD/JPY 118.70 tothe 119??.s. onthe

theJapanese 0.7% Y/Y 0.1% Y/Y 0.6% Y/Yin 3 spendinggrowth thelatter CPI 3 0.3% Y/Y CPI inflat painfully.To CPI periodof CPI 0.2% Y/Y () Japanis alwaysindicated afterthe () highfor USD/JPY EUR/JPYat 162.80

BoJ growthunaltered BOJ

EUR/GBP 0.6830 0.6810 currentmood againcomes 0.6829 undertest () 0.6867

businessconfidence Suchsentiment wouldfall BoE??.s Tuckeralso

thatthe alot solidenough theEMU strategyseems

CPI shouldgo