Usd/jpy - 90.27 .... The greenback fell briefly fm 90.57 to around 89.92 against the Japanese yen on active risk aversions due to the selloff in global equities (European stock tumbled by more 1% whilst U.S. Dow Jones index futures dropped by 36 points to 10302) in reaction to U.S. President Barack Obama's plan to limit banks' size n trading activities. Offers are tipped at 90.50/55, 90.80/85 n further out at 91.00 (sizeable). On the downside, bids are located at 89.90/00 n 89.75/80 with sizeable stops building up at 89.50.
Join the Discussion