USD/JPY posted new session high

Market news

4 May 2011

USD/JPY posted new session high

Edges to a day's high of Y81.18 on euro-yen strength, but encountering headwinds in generally uninspired dollar-yen trade. The downside looking well supported at Y80.80 with continued talk of semi-official demand sitting beneath at Y80.70. Offers remain Y81.10/15 and Y81.25/30, looking likely to contain any further advances in the near term.

European shares slightly lower on Wednesday

USD/CHF remains above Chf0.8600

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