Mid-day report

The dollar versus the yen reached the neckline at 93.25 again, reversing to the downside, where we think is anattempted to build a baseon 92.60 support level. We still hold onto our morning expectationsfor an upside intraday move in which the pair willbreach the mentioned neckline, heading towards 95.00; trading should prevail above 92.60for the expected upside move to remain intact.

The trading range for today is among the key support at 90.00 and the key resistance at 95.10.

The general trend is to the upside as far as 102.60 remains intact with targets at 84.95 and 82.60.

RecommendationBased on the charts and explanations above our opinion is buying the pair from 92.60 To 94.25 and stop loss below 91.90, might be appropriate