Tuesday May 31, 2005 - 02:16:45 GMT
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USD/JPY Daily Outlook
USD/JPY : 108.10
Update Time : 02:00GMT
Dollar's broad-based rally especially verus European curriencies should provide support here and above 108.31 would extend recent upmove to 108.50/60 but resistance at 108.90 is likely to hold due to loss of momentum.
Below 107.74/75 support would prolong consolidation but 107.23 should remain intact and yield rebound.
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