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USD/JPY OUTLOOK 98.23
Last Update At 09 Mar 2009 00:24 GMT
As dlr has edged higher due to renewed cross
selling in yen, suggesting fm pullback fm 98.45 (NY
high) has ended earlier at 97.90 n abv said res wud
bring stronger retrace. of Friday's fall to 98.70/
80 but reckon 98.90 wud cap upside.
Exit prev. short n stand aside as below 97.90
needed to bring bring further weakness to 97.50/55.
Range Forecast
98.05 / 98.40
Resistance/Support
R: 98.45 / 98.90 / 99.69
S: 97.90 / 97.59 / 97.22
