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11 Feb 2014
Flash: Yelle's tone may benefit USD/JPY and EUR/USD - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, expects Chairwoman J.Yellen to deliver a neutral message today.
Key Quotes
"The US equity market closed marginally higher and the positive mood has spilled over into Asia. On a quiet day for economic news, the highlight will be Janet Yellen's monetary policy report to the House, and she is likely to deliver a ‘steady as she goes' message".
"All within the context of recent ranges holding, this could be a slightly tricky day for Treasuries, a day for USD/JPY to tick higher and a day for EUR/USD to infuriate those who are in a hurry for it to fall".
Key Quotes
"The US equity market closed marginally higher and the positive mood has spilled over into Asia. On a quiet day for economic news, the highlight will be Janet Yellen's monetary policy report to the House, and she is likely to deliver a ‘steady as she goes' message".
"All within the context of recent ranges holding, this could be a slightly tricky day for Treasuries, a day for USD/JPY to tick higher and a day for EUR/USD to infuriate those who are in a hurry for it to fall".