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USD/JPY - 95.80 Daily Market Outlook - Jul 2

02 Jul, 2009 @ 08:09 pm ET | written by AceTrader


Dollar's breach of 96.27 (now resistance) after the release of weaker-than-expected U.S. jobs report yesterday confirms the corrective rise from 94.88 has ended at 97.00 earlier this week, weakness to 95.31 is seen but below 95.04 support is needed to signal the erratic fall from 98.90 has resumed n extend to 94.44 n then towards 93.85.  

  

On the upside, above 95.55/60 would prolong choppy trading n may yield gain to 96.90/00 but aforesaid res at 96.27 should hold.

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