Forex News: EUR/JPY may rise to 169.50 as USD/JPY is expected to rise in over next half hour or so, says senior dealer at major bank in Tokyo. Says USD/JPY recently has tendency of rising around 0700 GMT as Asian central banks buy USD/JPY about that time. "Asian central banks which are doing dollar-selling intervention must buy back the dollar they sold to adjust their currency basket. They first buy USD/JPY, and later buy back JPY in exchange with their own currency." EUR/USD may rise to 170 in global day; last 169.18 on EBS
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