Archived IMT (2009.05.15)

Catch Ashraf on Bloomberg TV 11:45 am London (6:45 am EST) discussing oil, gold and the euro. NZD was the broad loser overnight following worse than expected retail sales, and once again its losses against JPY are greater than against the USD. JPY strength continues to emerge on a combination of comments about the internationalization of the yen and limited risk appetite. USDJPY breaches below 95, eyeing 94.60.