Friday June 24, 2005 - 01:42:01 GMT
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USD/JPY Daily Outlook
USD/JPY - 109.00
Update time - 01:30GMT
Next update - 08:30GMT
Dollar's rebound from 108.41 yesterday suggests correction from 109.72 has possibly ended at 108.15 and a re-test of said top is envisaged but above there is needed to confirm upmove has finally resumed and extend gain to psychological 110.00 level.
Below 108.15 support would bring stronger retracement towards 107.70/80 before prospect of a recovery.
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