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USD/JPY wobbles … prompting Mr Azumi again..
It started with exporters and the moves picked up momentum on the fall through 77.00 to lows of 76.70 just now. Heard some stops were triggered down through 102.00 in EUR/JPY as well which is adding to the overall heaviness in USD/JPY, but the earlier mentioned bids 76.70/80 are so far checking the fall ahead of better support at 76.50 Japan’s Fin Min Azumi has also been on the Fuji television recently saying the yen has become a target for speculation and that Japan is ready to intervene if necessary. USD’s at 76.77 with EUR/JPY at 101.90