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Fed's Rosengren: Accommodation should be in place until 2% inflation target met

FXStreet (Bali) - Boston Federal Reserve President Eric Rosengren, crossed the wires, via Reuters, noting that the Fed should leave accommodation in place until certain 2% inflation target is met.

Additional headlines - Reuters

Says Federal Reserve should wage vigorous fight against low inflation, or its credibility will be at risk

Says low inflation costly for debtors, risks prolonged period of slow growth as in Europe, Japan

Says low global bond yields means investors have little expectation central banks will succeed in increasing inflation

Says lack of wage growth, falling commodity prices will continue to hold down prices
Headlines via Reuters

USD longs: Wash, rinse, repeat

On the back of some key reversal signals post US NFP across US vs G10 FX space, and ahead of what should be a quiet start of the week offering few data releases, it seemed logical that an acceleration of profit taking by USD longs could be in store, however, the reality on Monday was that leveraged accounts/CTA buyers emerged again to reset USD longs.
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GBP/JPY downside exposed on UK risk

GBP/JPY is trading at 181.93, down -0.04% on the day, having posted a daily high at 182.04 and low at 181.79.
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