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0748 still not getting a lift from the better readings so far(and yes I did stick up (View Article for More) Elliott wave analysis of EURJPY for April 1 2015 Technical summary:EURJPY continues to move lower, which is the 12 period one in this case, cross above the slower 30 period EMA at the close. A downgrade in inflation forecasts and changes in expectations of near-term inflation recovery may not necessarily suggest the Bank is ready for a near term easing, but the changes, if they are made, would be regarded as dovish, in our view.

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