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Usd/jpy - 89.08 ... Despite dlr's brief drop to 88.67, the greenback rebounded to 89.14 on short-covering as European n U.S. stock markets pared early losses. Trading is relatively thin here ahead of the weekend n Japan's holiday on Monday. Offers by Japanese exporters are tipped at 89.10/15 n 89.45/50 with stops seen abv 89.50/55. On the downside, bids are located at 88.70/75 with mixtures of stops n bids are reported at 88.50 barrier.
Moody's cuts ratings on Italy, Portugal and Spain, Warns UK, France and Austria: Is it Time for a Reality Check?
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