Forex News: USD/JPY may rise as Japanese stocks expected to strengthen on back of Wall Street's rally, which would lower players' risk aversion, says senior interbank dealer at major Japan bank. Tips 104.70-105.50 range; pair last 105.17 on EBS. Adds, players watching for JPMorgan, Merrill Lynch earnings reports later today; but impact likely limited unless there's big negative surprise. Rather, players watching U.S. stock, crude oil price moves to determine USD's direction. EUR/USD may trade in 1.5800-1.5850 range, pair last at 1.5822; EUR/JPY may trade in 166.00-167.00 band, last 166.42 on EBS.
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