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USD/JPY pops up on cross buying

By Sean Lee  || May 3, 2009 at 22:41 GMT
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AUD/JPY and EUR/JPY buying have sent the USD/JPY up from 99.20 to 99.50. Liquidity is appalling according to one dealer. Offers are expected around the recent 99.60 high and trader stops are to be expected above 99.70 and again above 100.

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