INTRA-DAY USD/JPY OUTLOOK

Despite dlr's anticipated rebound to 77.87 in
early Tokyo trading, failure to penetrate o/n NY
high at 77.88 suggests further range-trading wud be
seen, as long as y'day's low at 77.54 holds, upside
bias remains for subsequent gain twd 77.99.
Buy again on dips but abv 77.99 is needed to con
firm low is made n yield 78.10/15.

Range Forecast
77.65 / 77.85

Resistance/Support
R: 77.99 / 78.27 / 78.45
S: 77.54 / 77.30 / 77.10

Rate
77.79

Last Update At
10 Nov 2011 01:23 GMT