Antje Praefcke, FX Analyst at Commerzbank, analyzes Norwegian Krone’s (NOK) outlook after Norges Bank kept policy rates unchanged as expected on Thursday's policy meeting.
<ul><li>Near-term economic outlook for the eurozone has deteriorated owing largely to weaker domestic demand</li><li>We will continue to follow a data-dependent path</li>
USD/JPY is trading around 147.50 in early European trade after the Bank of Japan left all policy dials untouched at its latest meeting but gave a slight hint that inflation may be moving higher.
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