Russia’s Novak: Russian output cut to reach 300k bpd by May, to stay there until end-June

In an interview with a German daily, Die Presse, the Russian energy minister Novak said that Russia output cut is likely to reach 300k bpd by May, and will remain at that level until June-end.

EUR/JPY recovery gains traction, Monday’s high eyed

EUR/JPY extends its bullish momentum for the third straight session this Tuesday, mainly driven by 65-pips recovery in USD/JPY. EUR/JPY trades above
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GBP/USD in a tight range below 1.2700, CPI eyed

The British Pound is posting marginal losses on Tuesday, keeping GBP/USD within a narrow range in sub-1.2700 levels ahead of UK’s inflation figures.
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