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Market Moving News: USD/JPY - Jul 25

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25 July 2008 @ 12:36 am EST
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Usd/jpy - 106.82...Further unwinding of yen carry trades has pressured dlr in Asia n stops at 107.00 n 106.80 were taken out, however, bids (for profit taking purposes) are reported at 106.50 with more buying interest likely to emerge further out at 106.10/20. Offers remain at 107.40/50 with stops placed abv there n also near the option barrier at 108.00...

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