JPY eased as risk appetite improved on Lehman Brothers sale talk. Articles in the U.S. press suggested that the U.S. Treasury and the Fed are helping to put the bank up for sale and a conclusion to the saga could be resolved before the Asian markets open on Monday. Ironically, another potential bank failure is helping to boost risk appetite, with the U.S. authorities once again coming to the rescue. Lehman stock is already down over 15% on early Germany trading, but EUR-JPY accelerated its gains to 151.69 high, which marked a four big figure rally from Thursday's lows. The interest lifted USD-JPY to 107.71 highs versus 106.07 lows yesterday. From here, Japanese exporter offers should temper gains at 107.80, 107.90 and 108.00, while bid interest is reportedly healthy from importers order left at 107.00-20 and 106.80-90.
