USD/JPY - 91.13 Daily Market Outlook - Jan 19

By IBTimes Staff Reporter | January 19 2010 7:52 PM

Although dollar's early cross-inspired selloff to 90.31 yesterday signals erratic decline from 93.78 has resumed, subsequent strong rebound suggests a temporary low has possibly been form and retracement to 91.65/70 is seen, however, reckon upside should be limited to 92.00/10. Below 90.70/80 would signal correction is over instead and bring re-test of said 90.31 low, break would extend aforesaid said fall to daily sup at 90.15 later.

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