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Market Moving News: USD/JPY - Jul 9

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09 July 2008 @ 12:46 am EST
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Usd/jpy - 107.15...Dlr has retreated on the news that Iran has test-fired missiles, including one with a range capable of reaching Israel, hence increasing tension between the two regions. The Nikkei-225 has also pared most of its gains but carry trade demand has given some support to the greenback. Bids at 107.20/30 have been absorbed n buying interest fm Asian names at 107.00 is now in focus with stops building up below there. Offers remain at 107.60/70 with stops placed abv 107.80 n also 108.00...

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