2313 GMT [Dow Jones] EUR falling, will likely extend losses throughout day as "it's difficult to buy the euro now ahead of (Europe banks') stress test results" due on Friday,with investors staying cautious, says head of finance at major Japanese trading firm. EUR/USD last at 1.2890, may trade in 1.2820-1.2930 with small amount of stop-loss selling orders around 1.2820. EUR/JPY may trade in 112.00-112.75 vs last 112.50. USD/JPY falling due to selling by Asian short-term funds ahead of Fed Chief Bernanke's speech later in day on speculation he will take dovish tone. Last at 87.27, declines from 87.00 will be limited due to bids from Japan postal services there, he says. Tips in 86.80-87.50 range.
source: http://www.djnewsplus.com/
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