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Ataglance2

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Ataglance2

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Sunday, 01/20/2008 10:17:16 PM

Sunday, January 20, 2008 10:17:16 PM

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02:04 USD/JPY: Steady As Action In EUR/JPY Sydney, January 21: US investment banks have been heavy sellers of the EUR/JPY this morning and took the cross from 156.10 to a low of 155.48 so far. The USD is broadly higher in Asia, but the EUR/JPY selling has kept the USD/JPY steady between 106.65/107.00. Hourly support levels are found at 106.50 and 106.35 and a break below 106.30 targets key support at 105.95. Traders suspect that semi-official bids are likely to emerge on any extended dips in the USD/JPY or EUR/JPY. The USD/JPY trades 106.82/87.

Don



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