US fund managers Blackrock is looking to raise a billion dollars from Japanese investors to invest in the US toxic asset program out of a total of $5-7 bln it intends to put into the program, the Nikkei . There could be some flows if the customers do not have the dollars on hand…
USD/JPY trades near session lows , now in the 98.80s. Just crossing the tape is news that North Korea is throwing UN inspectors out of the country. That might put a floor under USD/JPY as North Korean jitters generally work against the JPY given the geography of the region.
