Friday May 13, 2005 - 01:29:56 GMT
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USD/JPY - 106.85
Update Time : 01:14GMT
Although price has risen to 106.93 o/n on dlr's broad-based rally due to better-than-expected U.S. retail sales figure, near term loss of momentum is expected to prevent further strg gain in Asia today n reckon upside is ltd. to 107.10/20 n risk has increased for a much-needed minor correction.
On the downside, expect renewed buying wud emerge near 106.41 (previous res, now sup) n bring another leg of upmove later today or early next week.
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