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While other major pairs appear quiet,....>

DOLLAR-YEN
DOLLAR-YEN: While other major pairs appear quiet, USD/JPY has dropped through
the earlier lows, erasing all initial support seen after the stronger US GDP
figures. Despite the positive open for US equities, the DJIA is pulling away
from the best early levels of the session, dragging USD/JPY lower. Move in
USD/JPY also filtering through to EUR/USD and GBP/USD which are (modestly)
recovering from lows.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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