USD/JPY - 91.38 Daily Market Outlook - Jan 13

By IBTimes Staff Reporter | January 13 2010 8:43 PM

Despite dollar's strong rebound from Tuesday's 90.73 low, as recovery has been capped at 91.56 yesterday, consolidation with downside bias remains for the erratic decline from last week's high at 93.78 to resume n below said support would extend weakness to 90.30/40 before another bounce occurs. On the upside, abv 91.85/90 would signal a minor low has been formed and bring subsequent further headway toward 92.20/30,

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