Intraday Market Thoughts
Archived IMT (2008.11.07)
Nov 7, 2008 15:04
USDJPY may extend gains to as high as 98.30 as risk appetite improves on the fact that payrolls fell by less than the feared 300K. But stay alert of flows reversals at the London close and towards the NY close, at which point equities retreat and yen pairs follow lower. 97.40 and 96.80 infocus.
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