Friday, September 24, 2010

FOREX-Dlr/yen spikes on intervention talk, euro jumps

* Dollar/yen jumps above 85 yen then retreats * Traders cite intervention talk but no confirmation * Euro rises on IFO, resilient to sovereign debt problems (updates prices) By Anirban Nag LONDON, Sept 24 (Reuters) - The dollar spiked above 85.00 yen on Friday on talk of intervention by Japanese authorities keen to stem the yen's recent gains, but quickly retreated as doubts emerged about whether they had taken action. That left investors nervous about more intervention and, with risk aversion hitting markets, traders said the Bank of Japan's task...

Futures Rise Slightly Before Durable Goods Data

There's No Business Like FOX Business Stock futures pointed to a slightly-positive open on Friday as Wall Street waits for durable goods and new home sales data out this morning. As of 7:30 a.m. in New York, the Dow Jones Industrial Average futures rose 38 points, or 0.36%, to 10644, the S&P 500 futures rose 4.6 points to 1125.00 and the Nasdaq 100 futures rose 10.75 points to 1992.25. U.S. investors will get durable goods data at 8:30 a.m. ET followed by new homes sales shortly after the market open at 10 a.m. ET. Economists are looking for...

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