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good demand for USDJPY seen at Tokyo fix

By   || December 10, 2009 at 01:38 GMT
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There was decent demand for USDJPY and Yen crosses at the Tokyo fix today. Japanese importers have been seen buying as have retail bargain hunters. Overnight shorts have been squeezed as traders are keen to take on some risk this morning. EURJPY has managed to rally just shy of yesterday’s high. Look for initial resistance at 130.50 on the day, with support now seen at 129.90-130.00.

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