Market Moving News: USD/JPY - Aug 21
21 Aug, 2008 @ 12:35 am ET | written by AceTrader
Usd/jpy - 109.12...Dlr has fallen sharply on active cross buying in yen (by model funds n st specs) n the stops placed below 109.50 have been triggered, with the bids at 109.05/10 also being absorbed. Buying interest (some orders are for profit taking purposes) is noted at 108.50/60 with stops likely to emerge below there (option-related). On the upside, fresh offers are lined up in the region of 109.80-110.00 with stops seen abv there...
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