USD/JPY Forex Market Moving News by AceTrader

Usd/jpy – 88.40 … People Bank of China deputy central banker Su Ning’s comments that inflation expectations in China can be controlled. The greenback briefly dropped to 88.14 on his comments after triggering some stops at 88.30 n then rebounded on short-covering as bids by Japanese importers n retail investors are reported at 88.00 with talk of momentum fund stop building up below 87.90 but more buying interest by Japanese names is located at 87.60-80. On the upside, some offers are tipped at 88.60 n 88.80/90.