5 April 2002, 18:50  LDN Mkt Talk: US funds and a Swiss bank operating out of NY

LDN Mkt Talk: US funds and a Swiss bank operating out of NY are getting the blame for knocking USD-JPY through the 131.50 barrier and triggering automatic sell orders underneath. The move in USD-JPY is causing weakness in the dollar across the board, with EUR-USD briefly topping 0.8800. We would not expect a lot of follow through into the weekend, however.

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