Top
New York  London  GMT  Tokyo  Sydney 

Stock slide accelerates, EUR/JPY dips slowly

By   || October 14, 2008 at 18:24 GMT
|| 0 comments || Add comment

The Dow has given back 200 points of Monday’s 900+ point rally but EUR/JPY is not much worse off than when stocks were dipping just below break-even. Dealers say good Japanese selling at 103.00 earlier in the session prompted some to sell with them and know they are able to pick up USD/JPY on the cheap. Since dipping below 101.85, USD/JPY has found fresh buying at 101.55. Offers are eyed on bounces now to 101.85/90.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon

Add a comment

Comments are closed.

Bottom