EUR/JPY has fallen swiftly from 134.80 to 134.35 as early Tokyo enters the market and obviously decides it does not want to buy anymore. Dealers report a lot of offers appearing in USD/JPY, some in very decent size and this is obviously weighing on the crosses. Bids were reported earlier at 97.50 in USD/JPY although the bigger bids are tipped at 97.25.
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Early Tokyo showing its hand; JPY crosses lower
June 16 2009, 2:54am | Comments »
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Bangladesh's Forex Reserve Crosses $7.0 Billion
"Steady growth of inward remittances and deceasing import payments have contributed to the crossing of forex reserves $7.0 billion-mark," Bangladesh Bank ...
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June 15 2009, 8:09pm | Comments »
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Bearish momentum gaining in JPY crosses
What had started out as a very quiet day has turned into a bit of a rout on the JPY crosses. EUR/JPY is trading on its lows at 135.70 and dealers report lots of longs liquidating their positions. It seems there is no major news out to drive this but many see the IMF statement on Euro-zone banks as having been the catalyst.
June 9 2009, 7:20am | Comments »
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