ForexLive European FX news wrap: Yen holds firm in quieter start to the new week ...Middle East

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ForexLive European FX news wrap: Yen holds firm in quieter start to the new week

Headlines:

Reminder: It is a long weekend in the USWeekly update on interest rate expectationsBOE's Bailey: We still see gradual disinflation going onEurozone December trade balance €15.5 billion vs €16.4 billion priorSNB total sight deposits w.e. 14 February CHF 432.5 bn vs CHF 438.1 bn priorOPEC+ reportedly mulling pushing back oil supply increases that are due in AprilRussia's Novak denies talk about delaying return of OPEC+ supplyChina's NPC standing committee to hold 14th meeting session next week

Markets:

    JPY leads, CHF lags on the dayEuropean equities mostly higherGold up 0.4% to $2,896.14WTI crude flat at $70.50Bitcoin up 0.2% to $96,357

    USD/JPY was down to around 151.60-70 levels in Asia, before creeping a little more to 151.45 now - down 0.6% on the day.

    A breather in the gold rally shifts the focus back to the near-term chart

    This article was written by Justin Low at www.forexlive.com.

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