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"Mr Yen" Sakakibara: Abe stimulus plan won't have a major impact

Speaking to Bloomberg, former deputy finance minister Eisuke Sakakibara shared his take on the Japanese fiscal stimulus announced by PM Abe, while adding that USD/JPY could gradually move towards 100 levels.

Key Quotes:

“Abe's fiscal stimulus plan already priced in”

“USDJPY will slowly move to 100”

“Doesn’t think Abenomics has failed”

“Kuroda doesn't have any sense of crisis”

“Kuroda relatively satisfied with 1% inflation”

EUR/GBP off highs, back to 0.8430 pre-PMI

The steady performance of the single currency has prompted EUR/GBP to slip back into the negative territory around the 0.8430 region on Monday. EUR/G
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GBP/JPY firmer, looking to retake 136.00

GBP/JPY continues to recover part of Friday’s sharp pullback, navigating the 135.70 area after climbing as high as 136.30 during overnight trade. GBP
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