2 July 2001, 10:39 Dollar/yen mixed after June Tankan result
Tokyo, July 2 (BrigeNews) - The dollar lost ground against the yen
initially after the June Tankan, which showed major makers diffusion index
in June at -16 vs -5 in March and non-makers DI at - 13 vs -13 in March.
The survey also showed the BOJ sees major firms' capital spending down
1.3% in FY2001. Profit-taking selling pressures emerged, as the survey was
better than expected. Meanwhile, good bids emerged below the 124.50 area,
reversing the downward momentum for dollar/yen.
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