Usd/jpy - 94.79.. Although dlr has traded narrowly after early brief rise to 94.92 in Asia on st spec buying due to dlr's rally in NY, failure to penetrate y'day's high at 94.99 plus selloff in Asian equities pushed the pair back to 94.65. On the upside, the huge option barrier at 95.00/10 is needed to be taken out b4 price can extend recent upmove to 95.30/35. Bids by various names remain at 94.60-30 region for the time being.
Join the Discussion