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USD/JPY stops eyed around 87.30

By   || July 6, 2010 at 14:41 GMT
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Dip buyers in USD/JPY are getting nervous as the greenback sinks in unison after the poor US services-sector PMI data. Stops are seen below 87.40 and again below 87.30 while buyers are seen starting around 87.00 and on down. Stops are mixed in on a break of 86.95.USD/JPY trades now at 87.50.

Word earlier today that China has been a buyer of Japanese short-term debt is giving the JPY safe-haven role new luster.

7-6 usdjpy

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