Market Moving News: USD/JPY - Aug 22

22 August 2010 @ 10:35 am EDT

Usd/jpy - 85.12 ... The greenback extended intra-day decline fm 85.92 to 84.89 on renewed risk aversions (Dow Jones index tumbled by 153 points to 10262) after the release of weaker-than-expected Philadelphia Fed business index which came in at -7.7 versus the expectation of 7.0. Offers are tipped at 85.20 n 85.40 whilst bids by Japanese names is located at 84.90 n 84.75/80 with stops building up below 84.70 with mixture of bids n stops seen at 84.50.

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