Friday, May 23, 2008

USD/JPY Mid-Day Outlook

Intraday outlook in USD/JPY remains bearish for the moment and fall from 105.44 could still extend further lower to test 102.58 support. As discussed before, break of 102.58 support will add much credence to the case that whole rebound from 95.77 is already over. Deeper decline should then be seen...



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