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INTRA-DAY USD/JPY OUTLOOK:                     105.57

Updating time : 29 May 2008 23:19 GMT


Dlr's retreat fm o/n NY high suggests further
sideways trading below there is seen but as y'day's
rally abv 105.70 res signals upmove fm 95.77 has
finally resumed, reckon 105.35/40 wud limit down-
side n bring another rise twds 106.00/10.

Trade fm long side with stop as indicated, below
wud risk stronger pullback to 105.05/10 b4 up...

Range Forecast

105.50 / 105.75

Resistance/Support

R: 106.00/106.61/107.21
S: 105.45/105.00/104.61
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