Market Moving News: USD/JPY - Dec 14

14 December 2009 @ 12:35 am EDT

Usd/jpy - 88.43 ... Dlr has moved higher in Asia this morning on buying fm st specs (who were also seen buying eur/jpy) after the Nikkei-225 opened up around 1%. Offers at 88.60/70 (some orders are fm exporters) are in focus with a batch of offers n stops likely to emerge around the 87.00 lvl. On the downside, bids are lined up at 87.70/80 with stops building up below there. In other news, the data out of China today (incl. CPI, PPI n industrial output) has turned out to be stronger than expected...

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