Wednesday, April 1, 2009

More on the US/YEN trading

This relates to the US/YEN trading range I put up below. Notice what it says about bids and where they are placed.

12:51 04/01 DOLLAR-YEN: Seeing some chop as pair legs down to Y98.65 before returning with a Y98.75 bid, the pair seeming to take direction from a still soggy euro-yen and euro in general. Flow light however with dollar bids in place still below Y98.40 area that underpinned morning dip.

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