USD/JPY - 85.42 Daily Market Outlook - Aug 22

By IBTimes Staff Reporter | August 22 2010 8:36 PM

Although Friday's rebound to 85.82 signals further choppy trading above this month's 15-year low of 84.72 would continue, as dollar has retreated after faltering below resistance at 85.92, consolidation with downside bias remains but reckon 84.89 would hold from here. On the upside, only above 86.39 would risk stronger retracement to 86.80/90.

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