USD/JPY - 91.67 Daily Market Outlook - Jun 10

By IBTimes Staff Reporter | June 10 2010 8:41 PM

Despite y'day's volatile sideways trading, as long as this week's low at 90.84 holds, consolidation with upside bias remains for a retracement of last week's decline fm 92.89 to 91.90 but only abv strg res at 92.08/10 wud yield gain twd 92.36. On the downside, break of 90.75 wud risk marginal weakness twd 90.46/50 b4 rebound.

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