USD/JPY - 93.65.. Dlr rose initially to 93.86 at Asian opening after release of record high unemployment rate of 5.7% as well as a biggest-ever drop in National CPI of -2.2% Y/Y in July. Price has eased as regional bourses' performance are mixed (Nikkei-225 is currently up 17 points while HSI ended the morning session down by 98 points n DJI futures also in negative territory). This week's dlr's decline is probably due to market's expectation of further yen's strength if Japan's opposition party DPJ wins a decisive victory in this Sunday's general election. Intra-day, 2-way trading is likely to continue ahead of European opening n offers fm Asian names are seen in the region of 93.80-94.00 with stops abv latter lvl. Bids (some are for profit-taking purposes) are reported fm 93.50 down to 93.30 with some stops emerging below y'day's 93.20 low n around 93.00.
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