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INTRA-DAY USD/JPY OUTLOOK - 117.21
Updating time :13 Nov 2006 02:17 GMT
Although dlr's decline fm last week's high at
118.60 has resumed n marginal weakness below 117.13
cannot be ruled out, 'loss of momentum' wud prevent
steep fall below 116.95 n yield rebound later.
Venture buying on next decline with stop as
indicated n exit on subsequent bounce as 117.64/68
shud cap upside in Asia...
Range Forecast
117.13 / 117.35
Resistance/Support
R: 117.68/117.82/118.01
S: 116.95/116.67/116.57
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