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US mega-bank dumping USD/JPY

By   || March 12, 2010 at 16:57 GMT
|| 1 comment || Add comment

Traders report a major American bank is selling USD/JPY heavily, pushing the pair from the mid-90.70s to the 90.30s.

Not a fun hour for many in the market as cable shorts get squeezed and USD/JPY longs get clubbed…

UPDATE: A model fund is now being blamed for the USD/JPY decline, through the US bank..

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One Response to “US mega-bank dumping USD/JPY”

  1. Iman on March 12th, 2010 17:02 GMT

    JP Morgan?

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