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In the bottom line, Draghi did not rock the boat too much for the euro. The same range is not expected to be challenged on today’s Eurogroup meetings or PMIs. However, another major pair certainly broke out of range: USD/JPY shot up 100 pips and could remain very volatile for another week after the report about the BOJ opening the door to paying banks. For the close of the week, the focus is on the Canadian dollar: in addition to oil prices, we have a double-feature release of inflation and retail sales. Will the strong loonie hurt the economy?

Wrap up of the morning show for April 22nd 2016: