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USD/JPY back above 83.00 as BOJ makes it rain

By   || March 31, 2011 at 19:09 GMT
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News of another JPY 1 trln in emergency funding to banks at 0.1% to help companies in the earthquake zone is helping give USD/JPY a fresh lift in quiet afternoon trade. We’ve drifted up about 20 pips since the strong ran on the Nikkei about two hours ago.

Sellers lie in the 83.20/30 zone with good-sized stops in the 83.35/40 area.

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