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BOJ's Kuroda: Rapid yen weakening not due to the central bank policy

developing story ...

Yen regaining stability after rapid weakening

Weakness driven by abnormal situation where oil prices topped $130 per barrel

Pledges to maintain powerful monetary easing to aid the economic recovery

Inflation surge stems mostly from rise in commodity prices

Yen weakness only contributed a little to recent jump in inflation

 

 

GBP/USD to extend its gains towards 1.2730/2770 – ING

GBP/USD is clinging to the early gains while trading below 1.2650. Economists at ING expect the cable to advance nicely towards 1.2730/2770 in the wee
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EUR/GBP holds steady above 0.8500 mark, traders eye German CPI for fresh impetus

The EUR/GBP cross attracted some dip-buying near the 0.8485 region on the first day of a new week and reversed its modest losses recorded on Friday. T
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