29 May 2001, 10:59 FX MOVING
Most currency pairs were little changed from midday levels Friday
afternoon, as the lure of an extended weekend prompted earlier position
squaring, traders said. Looking ahead to the week ahead, traders could
be found in both bull and bear camps. Some traders were looking for the
dollar-yen to stabilize back into the Y120.00 - Y125.00 range, which
they felt would give a lift to both the euro-yen and the dollar-yen.
Dollar-yen saw mild profit-taking in afternoon trade, but traders were
still mixed on the next near-term move.
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