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USD/JPY falls back; China noted seller

By   || July 9, 2009 at 08:45 GMT
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USD/JPY back at 93.30. Sources note China seller around session high.  Exact levels not forthcoming, but I’ve a sneaking feeling they were among the 93.60 sell orders mentioned ealier.

Also saferanger has reminded me.  There is said to be a yard ($1.0 bln) of Monday July 13th 93.20 expiries in USD/JPY.  That would lead some to conclude we’ll not stray too far from said level between then and now. But in this market, who knows? Most certainly worth bearing in mind though.

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