Market Moving News: USD/JPY - Feb 13

By IBTimes Staff Reporter | February 13 2009 1:23 AM

Usd/jpy - 91.05...Dlr rose to 91.27 (taking out stops at 91.20/25) in Asia on buying by local names b4 retreating on long liquidation with trading volume relatively thin ahead of the G-7 meeting today n tomorrow. A mixture of offers n stops is likely to emerge at 91.50/60 n further out at 92.00 (some orders are option-related) while bids are noted fm 90.50 down to 90.20 with stops placed around the 90.00 lvl...

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