USD/JPY holds tight

Market news

22 December 2010

USD/JPY holds tight

Shallow bounce of USD/JPY from earlier low of Y83.42 stalled at Y83.60 as dollar continues to remain under pressure as Y110.00 euro-yen remains protected. Rate has slipped back to Y83.52/54.

US DATA: Q3 GDP final rev +0.1 pt to +2.6%, far less of a gain than expected, and inventories were revised up and consumption down (in healthcare and fin'l services).

EU session review: Yen declines versus Euro, snaps 5-day gain

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