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Asia in the positive after ECB

FXstreet.com (Barcelona) - Asia-Pacific local share markets are mostly all sitting on big gains following a positive day overseas in stocks, with US futures right now printing fresh session highs.

Markets advanced today on hope of low financial costs will keep on for a while, as ECB Draghi suggested in the latest central bank meeting Thursday. The Nikkei index is up more than +1.3% at the moment, while Hang-Seng gains +1.64%, Australian ASX +1.07% and Korean Kospi +0.25%. The discordant note comes from the Shanghai index that is down -0.61%.

Flash: Buy USD/JPY on dips – Westpac

According to Sean Callow, a Global FX Strategist at Westpac, “Of extreme importance for the JPY will be the two-day BoJ meeting which is an ‘interim assessment’ meeting i.e. a quarterly update.”
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EUR/JPY breaks 20-hourly EMA, highest at 129.60

EUR/JPY exchange rate is trading at the 129.58, fresh session highs, following the break higher of its previous one at 129.50, printed during the first hour of a risk-friendly Tokyo session.
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