Market Moving News: USD/JPY - Dec 11

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Usd/jpy - 88.90 ... Active cross selling in yen has pushed the dlr higher in Asia with the rally in regional equity markets (Nikkei-225 ended the day up 245 points) increasing appetite for risk. Offers at 88.80 have been absorbed n a batch of offers n stops at 89.00/10 is in focus with more selling interest noted in the region of 89.30-89.50 (some orders are likely to be fm exporters). On the downside, bids are tipped at 88.40/50 n further out at 87.90/00...

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