Midday Report

The dollar versus the yen is still stuckamong 23.6% and 38.2% correction; where trading is gradually being limited, as shown on the chart above. We hold onto our morning expectations, waiting for thepair totouch 91.40 and then returning to continue its short term downside move, where its primary targets are around 89.50. The possibility of achieving an expected downside will prevail if trading remains below level 92.00.

The trading range for today is among the key support at 88.40 and the key resistance at 94.70.

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 selling the pair from 91.40 To 90.15 and stop loss above 92.00, might be appropriate