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The dollar slid further to a fresh 2-1/2-year low against the yen on Monday
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The dollar slid further to a fresh 2-1/2-year low against the yen on Monday, in line with falls in U.S. equities, as renewed credit worries affirmed expectations that more U.S. rate cuts are imminent. Investors are on edge about fallout from the credit crunch as the approaching year-end may force them to dump assets or scramble for cash to get books in order in strained markets. Worries about the U.S. economy and expectations for additional Federal Reserve interest rate cuts have caused the dollar's broad tumble.
Support: 1.4820, 1.4800, 1.4770
 Support: 107.50, 107.30, 107.00 Sterling rallied sharply in the Asian session, on news that the Abu Dhabi Investment Authority was to buy $7.5 bln worth of stock in Citibank. GBP/JPY jumped from ¥223.25 to a high of ¥225.60 in less than 30 minutes. Cable was previously trading around $2.0710 having seen an earlier session low at $2.0685, and it jumped to a high of $2.0755 short of last week’s high at $2.0765. The pair currently trades at $2.0682 after having slid back to retrace its earlier gains.
 Support: 2.0640, 2.0610, 2.0550 Euro | Japanese Yen | British Pound | Swiss Franc
 Support: 1.0960, 1.0900, 1.0850 Next Analysis:
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