41. In Tokyo, Japanese banks covered their short dollar positions in early Tuesday trading, helping the dollar to rise further. 42. In Tokyo, traders covered their short, or oversold dollar positions. 43. Interbank players bought the currency to cover their short, or oversold, dollar positions. 44. Investors with long, or overbought, dollar positions also sold the currency, he said. 45. It then edged higher as Japanese investors covered their oversold dollar positions, but later dropped again. 46. It was also weakened by bouts of selling by players anxious to dump part of their large dollar positions, traders said. 47. Japanese banks covered their short, or oversold, dollar positions, in light of the U.S. national holiday and the Chinese New Year holidays, traders said. 48. Meanwhile, the dollar was stable against the yen amid persistent bullish sentiment as some investors adjusted their dollar positions ahead of the weekend, traders said. 49. Meanwhile, the U.S. dollar edged down against the Japanese yen at late afternoon in Tokyo as some traders squared dollar positions ahead of the year-end. 50. Note said traders used the rumor as an opportunity to unwind their long dollar positions. |
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