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USD/JPY Tipped In Tight 106.00-106.80 Band

Forex News USD/JPY may trade in 106.00-106.80 range, last at 106.48 on EBS, as players not willing to buy USD actively due to jitters over financial markets, but rapid decline also unlikely as oil prices recently calming down, says senior interbank dealer at major Japan bank. Adds, players will pay close attention to global stock, oil prices as no significant economic indicators from Japan, U.S., Europe scheduled. EUR/USD may trade in 1.5880-1.5950 range, last at 1.5912 while EUR/JPY may trade in 169.10-169.80 range, last at 169.46.




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