Usd/jpy - 86.70 ... The pair continued to move higher against the Japanese yen fm 14-year low of 84.82 in New York session to 87.02 as investors cut risk exposure amid concerns of a possible Dubai debt default. Stops abv 87.10 (prev. major daily sup, now res) are in focus but selling interests fm various accounts are reported at 87.20/30 n 87.50. On the downside, bids are building up fm 86.50 down to 86.20 with mixture of bids n stops placed around 86.00.
Join the Discussion