MARKET TALK: LME Aluminum Range Bound;Weak JPY Damps Buying

LME 3-month aluminum last at $2,638/ton, down $17 on London PM kerb, moving in narrow range of $2,635-$2,662. Japanese physical users unwilling to buy as JPY weaker, they're also drawing down inventories as end of Japanese fiscal year approaches in March, says Tokyo-based trader at major international firm. Tips more sideways trading in London as market cautious after recent fund-led selloff related to hedge fund Red Kite's reported trading losses.