Market Moving News: USD/JPY - May 17

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Usd/jpy - 95.65 ... The greenback rebounded after marginal fall to 95.10 in New York morning as rising U.S. stock markets sparked renewed selling in yen. Bids are seen at 95.40/50 n 95.25/30 with stops (sizeable) placed at 95.10 n below 95.00. On the upside, offers are reported at 95.90/00 n 96.20/25 with mixture of offers n stops noted at 96.50 n further out at 96.80/85.

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