Friday June 17, 2005 - 01:28:13 GMT
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USD/JPY Daily Outlook
USD/JPY - 108.85
Update Time - 01:30GMT
Next Update - 08:30GMT
Dollar's rebound from yesterday's low at 108.66 suggests the correction from this week's high at 109.72 has possibly ended and a re-test of this top is seen after consolidation, above would extend uptrend towards 110.00 level later.
Below 108.66 would yield stronger retracement of upmove towards 108.20/30 before prospect of a rebound next week.
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