USD/JPY - 87.97 Daily Market Outlook - Jul 4

By IBTimes Staff Reporter | July 04 2010 8:40 PM

Despite dlr's retreat from 88.21 to 87.33 after release of U.S. jobs data Friday, subsequent bounce suggests 'choppy' trading above last week's 86.96 low would continue and as long as NY low holds, near term upside bias remains but 88.22 wud cap rebound. On the downside, below 86.96 would bring further weakness toward 86.47/50.

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