11 June 2001, 10:20 Asia FX Review: USD/JPY higher on GDP, but capped by options
Tokyo, June 11 (BridgeNews) - The yen was offered on weak Japan GDP
data released Monday which showed a 0.2% drop in January-March from the
previous quarter, the upward momentum of the dollar/yen was slowed by
option-related selling pressures near the 121.30 area. Sterling gained
ground on a report that U.K. Chancellor of Exchequer, Gordon Brown, was
skeptical about the early U.K.
entry into the euro. Euro/dollar was sandwiched by euro buying against yen
and euro selling against sterling
© 1999-2024 Forex EuroClub
All rights reserved