Market Moving News: USD/JPY - Jan 31

on January 31 2010 2:35 AM

USD/JPY - 90.22.. The pair extended y'day's rally following FOMC announcement n climbed to 90.40 as regional stocks opened higher in Asia, N225 currently up over 1.5%. Risk appetite has definitely returned with yen continues to be sold on crosses (eur/jpy rose fm y'day's 125.23 low to 126.73 in Asia). Offers by exporters remain at 90.50-60 shud deter aggressive buying n bids are seen fm 90.10-89.90 area.

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