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FX Update- USD/JPY Extends Gains

Posted:02/12/2008 13:41 by Keith Lobodzinski
USD/JPY extended gains to trade as high as 93.35 in early N.Y. trade, with JPY moving broadly lower in response to the global equity market rebound. EUR/JPY is currently trading at session highs close to 118.50 on the move after it recorded early European lows of 116.56. USD/JPY could see option strikes exert an influence on price action in the next couple of hours, with 92.75 and 93.00 expiries due to roll off at 15:00GMT. click here to return to the top of the page
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