Flash: ECB to hold off easing until March? - BTMU

Derek Halpenny, European Head of Currency Strategy at the Bank of Tokyo Mitsubishi UFJ suspects that the ECB may hold off easing measures until updated forecasts are agreed for the March meeting.
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USD/JPY fails to sustain gains

With markets in a wait and see mode ahead of the US nonfarm payrolls Friday, the USD/JPY has spent other session in quiet consolidation within familiar ranges, unable to set a fresh direction.
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