BOJ’s Harada: QQE has had great policy effects

The Bank of Japan (BOJ) board member Harada delivers comments on a panel discussion in Tokyo.

Key Headlines:

There is still some way to go to achieve 2% inflation target

Employment has been increasing steadily but price target still some way off

QQE has had great policy effects

Spain HICP (MoM) meets forecasts (0.9%) in April

Spain HICP (MoM) meets forecasts (0.9%) in April
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NOK: Slipping well below fundamentals – Nomura

The analysis team at Nomura thinks that recent NOK weakness is over-done, and have entered short EUR/NOK positions through a 2m 9.25/9.10 put spread.
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