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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 1558
Posted: Feb 22, 2010 5:00
Comments: 1558
Forum Topic:
JPY
Discuss JPY
"..intervention rumors but these have since turned out to be untrue, dealers say.."
USD/JPY : 76.69
Last Update At 17 Aug 2011 02:30 GMT
Although intra-day cross buying in yen has kept
dlr under minor pressure in Tokyo, as price is
expected to continue moving sideways today, reckon
sup at 76.52 (Fri's low) wud remain intact n yield
subsequent bounce to 77.00.
Hold long for this move n exit on such rise as
res at 77.10 shud cap upside, yield another fall.
Range Forecast
76.66 / 76.83
Resistance/Support
R: 76.93 / 77.10 / 77.30
S: 76.60 / 76.52 / 76.31