US dollar looking bearish post-FOMC

by gracecheng | October 25, 2006 at 11:59 pm
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Japan's Finance Minister Omi visited Mitsubishi UFJ Financial Group
to discuss foreign exchange rates with the bank's dealers. He said
"currency movements should reflect fundamentals", but declined to
comment on specific currency levels. He also said the purpose of his
visit to Mitsubishi UFJ's dealing room this morning was to 'study the
actual conditions of foreign exchange trading" before meeting finance
ministers and central bank governors at upcoming G7 and G20 meetings.
USD/JPY is currently lying..


Japan's Finance Minister Omi visited Mitsubishi UFJ Financial Group
to discuss foreign exchange rates with the bank's dealers. He said
"currency movements should reflect fundamentals", but declined to
comment on specific currency levels. He also said the purpose of his
visit to Mitsubishi UFJ's dealing room this morning was to 'study the
actual conditions of foreign exchange trading" before meeting finance
ministers and central bank governors at upcoming G7 and G20 meetings.
USD/JPY is currently lying..

Japan's Finance Minister Omi visited Mitsubishi UFJ Financial Group to
discuss foreign exchange rates with the bank's dealers. He said
"currency movements should reflect fundamentals", but declined to
comment on specific currency levels. He also said the purpose of his
visit to Mitsubishi UFJ's dealing room this morning was to 'study the
actual conditions of foreign exchange trading" before meeting finance
ministers and central bank governors at upcoming G7 and G20 meetings.
USD/JPY is currently lying..

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