USD now off lows on short-covering, but may fall back vs EUR, JPY on selling by Asia investors, who remain concerned over outlook for U.S. financial system, despite U.S. officials' attempts to support GSEs, says trader at Tokyo bank; "following a downturn in U.S. stocks and the dollar overnight, more Asian players will likely become cautious about U.S. financial conditions," weighing on USD. USD/JPY likely to move in 105.70-106.50 band for now; last 106.23 on EBS. EUR/USD tipped 1.5860-1.5940 band; last 1.5891 on EBS. JPY crosses like EUR/JPY may also slide against backdrop of possible Asia stock falls. EUR/JPY likely to hover in 168.30-169.30 band; last 168.83 on EBS. Focus now on BOJ Governor Shirakara's remarks in post-meeting press conference, Fed Chairman Bernanke's testimony to Congress, earnings results from U.S. banks.
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