JPY Dollar FX trader

Canadian Press, The Canadian Press
0 Comments| February 25, 2013

(Action Economics) - 25-Feb-13 05:42 - USD-JPY pulled back from early trend highs over 94.75 on good option related selling, as well as exporter hedging activity.

Profit taking was prevalent ahead of 95.00, where large option barriers are widely noted and it moved back into 94.00 and below, where a congestion of buyers were noted, leaving it around 94.20 at the Asian close.

© The Canadian Press, 2013

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