11 June 2001, 10:21  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

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