Market Moving News: USD/JPY - Jan 8

  @ibtimes on

Usd/jpy - 93.29 ... Despite early rise to a 4-month high of 93.78 in Asian morning after Japan Finance Minister Kan said economy will be affected if yen deviates widely fm firms' forex estimates, investors took profit actively ahead of the release of U.S. jobs data n selling interest fm Japanese exporters capped dlr's upside somewhat. Offers are tipped at 93.50/60 n 93.75/80 with option-related stops seen abv 94.00. On the downside, bids by st spec. are noted at 93.05/10 with stops are located below 93.00.

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