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Greek deal ‘has to be a comprehensive approach, not a quick and dirty job’ – IMF’s Lagarde

FXStreet (Mumbai) - The IMF head on Friday urged leaders to find a suitable compromise to save Greece from the depths of a debt abyss.

Key Quotes:

"I know there is a lot of work to be done,"

"Parties are now working, receiving proposals, working in cooperation and we will continue to do so as fast as we can,"

"It has to be a comprehensive approach, not a quick and dirty job."

USD/JPY seen at 140 by 2016 – Capital Economics

Julian Jessop of Capital Economics, forecasts USD/JPY to move higher towards 140 levels by 2016, further explaining the key reasons and the risks for the bullish view.
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USD longs returning? – Nomura

FX Strategists at Nomura, share the IMM Forex Positioning data for the week ended May 19.
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