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A separate report by a Japanese research group found that a 10-yen appreciation of the dollar boosted operating profits by JPY1.5 trillion (~$12 bln).
The Ukraine government appears willing to accept that it will not join NATO, but refuses to recognize any loss of territory, and of course refuses to resign.
Yesterday, Canada reported a decline in consumer confidence, but the swaps market has a 50 bp hike by the Bank of Canada at its April 13 meeting fully discounted.