USD/JPY Daily Outlook

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USD/JPY Daily Outlook

Wed, Jul 9 2008, 00:54 GMT
by AceTrader Team

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INTRA-DAY USD/JPY OUTLOOK:                       107.49

Updating time :08 Jul 2008 23:22 GMT


Despite dlr's intra-day firmness after y'day's
cross-inspired rebound fm 106.25, near term loss of
momentum is expected to prevent strg gain beyond
Monday's high at 107.75 n reckon 108.00 wud limit
upside in Asia, yield retreat.

Stand aside n look to buy on pullback for day
trade as 106.70/80 shud contain weakness...

Range Forecast
107.30 / 107.55

Resistance/Support
R: 107.55/107.75/108.00
S: 106.93/106.71/106.25
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Published on  Thu, Jul 10 2008, 00:28 GMT

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