Market Moving News: USD/JPY - Jul 3

03 July 2009 @ 12:31 am EDT

Usd/jpy - 95.97...Despite the relatively thin market (U.S. is on holiday for the long July 4 weekend), model funds n Japanese names have been seen buying dlr n offers at 96.20/30 are in focus with more selling interest reported at 96.50. On the downside, fresh bids (U.S. banks are seen amongst the buyers) are lined up in the region of 95.50-95.70. Region bourses are showing modest losses (Nikkei-225 is currently down around 80 points) following y'day's 223-point fall in the Dow...

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