------------------------------------------------------------

INTRA-DAY USD/JPY OUTLOOK:           109.82

Updating time :20 Nov 2007 04:12 GMT

Dlr's intra-day sideways trading is expected to
continue n as long as 109.62 sup holds, mild upside
bias remains for retrace. to 110.15/20, however, re
newed selling shud emerge around 110.45/50 n yield
another decline later.

Trade fm long side n exit on such move, stop be
low said sup, break risks 109.30/35 b4 recovery...

Range Forecast

109.70 / 110.00

Resistance/Support
R: 110.04/110.44/110.78
S: 109.35/109.12/108.97

----------------------------------------------------