Friday May 27, 2005 - 01:43:10 GMT
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USD/JPY Daily Outlook
USD/JPY : 108.00
Update time : 01:05GMT
As dollar has risen on a broad-based rally in the greenback, suggesting recent upmove from 104.20 has resumed and further gain towards 108.60 is envisaged, however, 108.90 resistance should hold on 1st testing and risk has increased for a correction next week.
Only below 107.23 would confirm temporary top is in place and bring stronger retracement of upmove to 106.90/00.
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