Monday June 27, 2005 - 01:44:53 GMT
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USD/JPY Daily Outlook
USD/JPY - 109.30
Update time - 01:30GMT
Next update - 08:30GMT
Dollar's rebound from 108.15 signals correction from 109.72 has ended there n consolidation with upside bias remains, however, a rise above 109.61 needed to confirm upmove has resumed and yield further gain towards psychological level 110.00.
Below 108.89 would prolong choppy trading but said last week's low should hold and yield rebound.
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