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Global Interest Rates
Australia	7.25%
Canada	3.5%
EMU	4%
Japan	0.5%
Swiss	2.75%
England	5%
US	2.25%

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Stability in the Financial Industry Continues to Support U.S. Dollar < EURUSD broke below the support of the up trend line < USD/JPY - 107.84 Daily Market Outlook - Jul 23 < The greenback rises on oil price drop and housing bill - Jul 23 < CHF/USD Fundamental Outlook at 1500 GMT (EST + 0500) < GBP/USD Fundamental Outlook at 1500 GMT (EST + 0500) < CNY/USD Fundamental Outlook at 1500 GMT (EST + 0500) < EUR/USD Fundamental Outlook at 1500 GMT (EST + 0500) < JPY Falls on Downgrade, USD Edges Higher < Chart of the Day - 7/23/2008 - USD/CHF <

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Forex Center > News > Technicals

USD/JPY - 103.80 Daily Market Outlook - May 12

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12 May 2008 @ 08:41 pm EST

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Yesterday's rally from 102.57 to 104.04 confirms recent decline from 105.70 has made a low there and choppy consolidation is envisaged in next 1-2 days. As long as intra-day sup at 103.27 (NY low) holds, near term upside bias remains for a re-test of said yesterday's high, above would extend marginal gain but reckon 104.40/50 would cap present dollar's upmove and yield retreat later.

A breach of said sup at 103.27 would be the first signal recovery from 102.57 is over, however, reckon 102.57 would hold from here.

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