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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