Short covering continues in JPY crosses
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Dealers say that markets are quite thin at the moment and short covering is gathering pace with EUR/USD up to 1.4120, cable eyeing 1.6400 and USD/JPY now having taken out exporter interest at 94.80. As mentioned earlier, sellers are expected at 1.4150 in the EUR/USD and above 1.6400 in the cable but there has been no solid confirmation of these orders yet.
