Cyprus Banks Set to Re-open

BoJ's Kuroda reiterated the Bank's plan to buy longer-dated JGBs as a way to push inflation towards the 2%, which he stated could take up to 2 years. Cyprus banks are set to open today under capital controls, 1 day ahead of Good Friday Holiday, which coincides with the end of month and quarter. Yesterday's higher than expected Canada inflation figures at 1.2% y/y compared to an expected 0.8%. Canada authorities said were investigating the suspicious decline in USD/CAD of 50 pips to 1.0150 before the figures were released. Final US Q4 GDP figures are out today (exp +0.5%), as well as Mar Chicago PMI exp 56.5 from 56.8. 2 new trades on USDJPY and 1 on EURUSD were added this morning. See full view of trades and rationale in latest Premium Insights.