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Monday, March 12, 2007

USD/JPY: Stops Tripped At 117.50, Larger Touted Under 117.10

Yen buy backs through GBP/JPY have helped shunt USD/JPY through 117.50 stops as the dollar capitulates. Rumours of larger sell stops under 117.10 and 116.90 and stops in the Sterling cross under 225.80-85 are heard

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