Forex News: EUR/JPY falling as investors keep selling to lock in profits after pair hit record high of 169.69 earlier in day, may extend losses to 168.50 with EUR sliding vs USD, says trader at Tokyo securities company; "European investors will likely sell the euro against the dollar in anticipation that U.S.' attempts to help GSEs will help the dollar bounce back, and such euro sales could hurt the euro/yen." Adds if euro-zone stocks sluggish, growing risk-aversion may drag down EUR/JPY further. Tips resistance at 169.50 for now; last 169.12 on EBS.
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