Forex News USD now off highs on profit-taking, but may rise again vs EUR, JPY as drop in crude oil prices, pickup on Wall Street alleviate worries for U.S. economic outlook, says trader at Tokyo bank; adds, remarks from Philadelphia Fed President Plosser overnight raise speculation of near-term Fed rate hike, which could help boost USD. "The dollar is now on an upward trend." But sharp climbs in USD unlikely given lack of key events in Asia, fact that many already expect Asia stocks to rise. EUR/USD tipped 1.5750-1.5820 band for now; last 1.5790 on EBS. USD/JPY likely to move in 106.80-107.60 for now; last 107.23 on EBS. Plosser says last night that central bank may have to raise rates soon to keep price pressures under control, to "prevent recent inflation from continuing to plague the economy."
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