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USD/JPY - 90.38.. Although intra-day unwinding in yen carry trades caused by release of higher-than-expected China CPI figure spooked investors on possible further tightening by PBOC, reported bids at 90.20-00 contained dlr weakness n price has staged a minor bounce fm 90.20. Dlr is sidelined ahead of European opening n offers are plentiful at 90.60-80 area. Range-trading is the way to go in Europe but renewed weakness in yen crosses suggests buying dlr on dips is preferred.
Moody's cuts ratings on Italy, Portugal and Spain, Warns UK, France and Austria: Is it Time for a Reality Check?
Dad Shoots Laptop Video Goes Viral on YouTube After Daughter’s Facebook Rant [VIDEO]
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