Market Moving News: USD/JPY - Nov 22

22 November 2009 @ 04:05 am EDT

Usd/jpy - 89.10 ... Dallas Federal Reserve President Richard Fisher said 'the falling U.S. dollar does not necessarily have inflationary consequences n there are presently more disinflationary forces at work'. The greenback rebounded fm 88.83 on short-covering together with dollar's strength against other major ccys, however, renewed selling interest by Japanese exporters remain at 89.25/30 n 89.40/45 with stops seen abv 89.60. On the downside, stops at 88.70 are in focus but mixture of bids n stops are located at 88.50.

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