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Quick reversal in USD/Jpy recovery as....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Quick reversal in USD/Jpy recovery as rate drops back from Y109.80
to Y109.50 as traders react to Yonhap headlines that S.Korea has detected
N.Korea missile launch preparation. Weekend nuclear test in N.Korea caused rate
to drop to Y109.23 at its pre Tokyo open (from a Friday NY close of Y110.25),
the rate having recovered in Tokyo to Y109.93. This reactive dip puts back any
hope for a close to that technical gap.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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