 | |  | | San Francisco, May 15.
USD/JPY is edging higher this morning, having just hit the session highs just
shy of 120.60 this morning, and currently at 120.55, well up from lows around
120.20 overnight. The current rally is largely being fuelled on a stronger USD
bias with EUR, AUD & NZD all under pressure this morning. However, support is
also seen emerging for the JPY on speculation that the GDP data due tonight may
be weaker than expected. This was reflected in a fall in JGB yields last night
which some linked to a delayed reaction to the weak machinery orders. Offers
remain at 120.60 with option defense of 120.75 barriers. More sellers are eyed
from 120.85 up to 121.00. Today"s data is expected to be mixed for the USD with
the focus likely to be on stocks again.
谁能告诉我说了些什么啊?!!  |  |  |  |  |
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