Thursday June 23, 2005 - 02:00:45 GMT
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USD/JPY Daily Outlook
USD/JPY - 108.60
Update time - 01:30GMT
Next update - 08:30GMT
As 108.15 has contained early selloff, dollar's rebound from there suggests consolidation with upside bias would be seen and above 109.15 would encourage for re-test of 109.72 top, however, a break of this level is needed to confirm recent upmove has finally resumed.
Below said support would risk stronger correction towards 107.80/90 before prospect of another rebound.
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