3 October 2001, 10:19  Yen Gives Up Ground To FX Majors

The yen fell against both the dollar and the euro in Asia Wednesday. Good US and Japanese buying of euro-yen started the yen's slide, with the dollar soon gaining as well. The good euro-yen buying also helped the euro regain ground above $0.9200 against the dollar, pressing against resistance at $0.9225. The Aussie dollar was firmer across the board, although the reaction was slightly muted in the light of the RBA's rate cut.

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