Usd/jpy - 92.86 ... The greenback weakened to 92.74 on cross buying in jpy especially versus euro (eur/jpy dropped to 124.05) on talk of foreigners buying yen as Japanese newspaper reported that Bank of Japan may upgrade its forecast for CPI n GDP for fiscal year to March 2012. The report prompted investors to buy yen on speculation that BOJ will stay away fm additional monetary easing steps. Offers by various accounts, including Japanese exporters, are tipped at 92.90/95, 93.20 n 93.40. On the downside, stops below 92.70 n 92.50 are in focus.
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