26 Jan 2012 02:25GMT... INTRA-DAY USD/JPY OUTLOOK - 77.77

Although dlr has traded narrowly in Tokyo after y'day's strg retreat fm a near 2-mth high of 78.28 to as low as 77.56 in NY session n further sideways move is expected, as long as said o/n low holds, another bounce is seen but 78.00 wud cap upside. Buy dlr on dips with stop below 77.56, however, reckon 77.34 (prev. res) shud remain intact.