Market Moving News: USD/JPY - Jul 20

By @ibtimes on

Usd/jpy - 86.55 ... Despite dlr's early recovery fm 86.27, offers at 86.85/90 n further out at 86.95/00 capped the pair's upside as investors flocked to the Japanese yen as a safe-haven asset due to the selloff in U.S. n European stock markets. FTSE 100, CAC 40, DAX index dropped by 1.01%, 2.28% n 1.77% respectively while DJI tumbled 243 points or 2.35% at 10114 n S&P500 fell by 29 points or 2.65%.

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