Forex News USD/JPY may rise as USD sentiment recovers due to falling oil prices, not-too-negative stock moves, says senior sales dealer at major Japan bank. Says Japan's interest rate among lowest, thus "there is no reason to buy the yen for now." Tips 107.60-108.50 range; pair last 107.95 on EBS. EUR/JPY may touch 170, he says, last 169.35 on EBS. EUR/USD may trade in 1.5650-1.5750 range; last 1.5690 on EBS. Adds there's no important economic indicators, speeches, thus oil prices, stock prices would be major trading factor.
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