The dollar fell below Y86 for the first time in eight months on Friday as mounting concerns about the US economy led to broader weakness for the greenback
Weak growth weighs on dollar
Source: www.ft.com
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Bigger players sniffing around USD/JPY
I had heard of some large bids at 97.25 in USD/JPY and that was the overnight low, seemingly confirming the chatter. The market is currently trading 97.33/35 and there is only a total of about 100 mio on the bid down to 97.21 and that is with Tokyo up and running. Maybe the rumoured bids...
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