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Forex Flash: Shirakawa’s early departure can help maintain the yen’s downward trajectory - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the announcement that BOJ Governor will step down early, on March 19 (the same day as his two Deputy-Governors leave their roles) accelerates the change of guard at the BOJ and the introduction, he assumes, of a team sympathetic to PM Abe’s desire for a weaker currency.

The yen fall on the announcement yesterday and the Nikkei has rallied overnight, the JGB market has not suffered and this is critical to the continued trend of weaker currency and stronger equities. Juckes finishes by writing, “The move has been fast, but that has been the case in past yen falls. Selling the yen is fashionable but so much ground was covered over the turn of the year that many people have been waiting and hoping for a correction to let them in, and it just hasn’t happened. On we go.”

Forex Flash: EUR/USD ignores French concern while GBP extends decline – OCBC Bank

Emmanuel Ng of OCBC Bank notes a difference in sentiment between EUR and GBP ahead of tomorrows key central bank meetings.
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Forex Flash: USD/JPY pushes envelope while AUD wounds fail to heal – OCBC Bank

Emmanuel Ng of OCBC Bank notes that USD/JPY remains at the mercy of political and central bank rhetoric while AUD has suffered at the hand of soft data.
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