101. Analysts forecast that a breakdown in the discussions could push the dollar down further against the yen. 102. Any reduction of German rates would push the dollar up against the mark. 103. Brian Martin, an analyst at Barclays Bank, said there were several factors pushing the dollar higher. 104. But investors were reluctant to push the dollar too far from current levels amid ongoing expectations of further intervention, they said. 105. But dealers said that US unemployment figures expected later on Friday might push the dollar up. 106. Dealers still see Washington pushing the dollar down against the yen to put pressure on Japan to open up its markets to more US exports. 107. Dealers said interbank testing of the dowside pushed the dollar further downward, with traders hoping to set off stop-loss orders and force further declines. 108. Fears that Japan might intervene to support the yen also pushed the dollar down against the Japanese currency. 109. They say concerted intervention at present to push the dollar up is unlikely, as some US markets were closed Monday for Columbus Day. 110. Uncertainty before legislative elections in Japan on Sunday and consequent indecision by investors was pushing the dollar up against the yen, Owens-Thomsen said. |