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USD/JPY, DJIA Futures Edge Higher On News Mitsubishi UFJ to Buy Stake In Morgan Stanley
Monday, 22 September 2008 12:42:27 GMT
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While US stock market futures are still down ahead of the 9:30 EDT open, they pared some of their losses this morning on news that Mitsubishi UFJ - Japan's largest bank - was planning on buying a 10-20 percent stake in Morgan Stanley. With risk trends remaining the dominant theme in the markets, USD/JPY also rose on the news and broke above short-term resistance at 106.65.
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