Market Moving News: USD/JPY - Jun 25

25 June 2008 @ 12:43 am EDT

Usd/jpy - 107.85... Despite dlr's weakness in Asia partly due to cross-buying of yen caused by a drop of over 200 points in the Nikkie, buying interest near 107.60/70 lifted the pair (Nikkie has recovered a big chunk of its morning losses, now down 40 pt), suggesting price wud continue to 'gyrate' inside y'day's broad range of 107.36

-108.24. Heavy offers remain at 108.10/20 while bids are reported earlier abv said y'day's low near 107.30/40, more at 107.00 with stops built up below 106.80/90...

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