POSSIBLE CONSOLIDATION in Asia`s markets in anticipation of US GDP

Today’s US data on sales of existing homes fell slightly dollars during tomorrow’s session expected GDP and sales of new homes. Expectations are for a continuation of the movements and the appreciation of the USD against most currencies due to increased speculation of an early rise in interest rates after the Fed announced that the country’s economy is growing at a good pace and removed the key phrase “indefinitely” The euro is probably will decrease after expectations are for an increase in quantitative easing. The yen continued to fall against most major world currencies after the Bank of Japan announced that they will continue the policy of incentives in the country in order to increase inflation to 2% sought Today in Asia missing important news and banking sectors Japan rests, because the birthday of the Emperor.

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