Eur/usd - 1.4735 ... Euro tumbled fm 1.4859 to as low as 1.4727 on active cross selling (eur/jpy fell sharply fm 135.89 to 133.27) due to the selloff in U.S. stock markets (Dow Jones index dropped by 119 point to 9843) together with profit-taking ahead of the weekend. Offers are reported at 1.4750, 1.4780 n further out at 1.4800. On the downside, some bids are located at 1.4720/25 with stops seen below 1.4700 n 1.4680.
Usd/jpy - 91.10 ... The greenback traded in a relatively narrow range in European session n U.S. morning as focus in on other major currencies despite the strg retreat in U.S. stock markets (Dow Jones index dropped by 71 point to 9891 after yesterday's rally on the release of strg GDP data). Bids by Japanese retail investors are noted at 90.85/90 n 90.55/60 with some stops seen below 90.50. On the upside, offers by Japanese exporters are tipped at 91.25/30, 91.50/60 n further out at 91.90/00.
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