INTRA-DAY USD/JPY OUTLOOK

Dlr is expected to trade narrowly in Tokyo sess-
ion after moving in a tight 29-point range y'day n
although the minor bounce fm 76.86 suggests mar-
ginal gain is likely, reckon 77.15/20 wud cap dlr's
upside n yield retreat, below 76.86, 76.70 later.
Sell on recovery for 76.90 1st n only abv 77.51
wud abort daily bearishness on dlr.

Range Forecast
77.00 / 77.15

Resistance/Support
R: 77.15 / 77.51 / 77.88
S: 76.82 / 76.60 / 76.48

Rate
77.04

Last Update At
17 Nov 2011 02:17 GMT