AUTOREFRESH 
JPY crosses continue to rebound
By Sean Lee || July 6, 2009 at 04:22 GMT
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Local traders are booking profits before Europe enters the fray and EUR/JPY is back above 133.50. Sovereign buying interest in the EUR/USD at 1.3900-20 and option-related buying in USD/JPY around 95.00 are keping bears from getting carried away.
i am very new in forex. What do you mean by “Sovereign buying interest in the EUR/USD at 1.3900-20 “? thanks for your help.
Hi Benny, sovereign names: the phrase is used interchangeably to mean sovereign wealth funds or central banks. As you are new to forex you should take time to avail yourself of our forex jargon section, which Jamie put together and which can be found at top of home page.