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Conditions are right for more BOJ easing – Japan Abe aide

FXStreet (Mumbai) - Additional headlines from one of Japan’s PM Abe ‘close’ aides that crossed the wires earlier today are as follows:

The BOJ should expand its easing

The conditions are in place to do so

The current global market turbulence threatens to undermine Abenomics

Cites the impact of the strong yen, falling expectations for inflation, weak economic growth

NZD/USD reverses a spike to hourly 200-SMA

NZD/USD’s solid recovery from four-month lows met supply near hourly 200-SMA and the prices turned lower thereon, now finding good support above hourly 100-SMA at 0.6436.
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EUR/USD finds fresh bids above 50-DMA

The ongoing recovery in the higher-yielding assets such as the stocks, oil, industrial metals appear to weigh on the demand for the safe-havens euro, with EUR/USD now struggling to regain hourly 200-SMA at 1.0887.
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