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Market Moving News: USD/JPY - Jul 6

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06 July 2008 @ 09:41 am EST
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Usd/jpy - 106.42 ... Although dlr rose to an intra-day high of 106.93 on the back of rising Dow futures, the pair has retreated as U.S. stocks turned negative partly due to the release of weaker-than-expected ISM non-manufacturing index (48.2 vs forecast of 51.0). At the moment, offers fm Japanese exporters are reported fm 106.70 up to 107.00 with stops building up abv latter lvl n also 107.25/35. On the downside, bids are tipped fm 106.20 down to 106.00 with stops located at 105.90 n more below 105.70 (large)...

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