USD/JPY - 91.90 Daily Market Outlook - Jan 11

By IBTimes Staff Reporter | January 11 2010 8:58 PM

Dollar's intra-day cross-inspired retreat fm 92.30 suggests decline from last week's 93.78 high to retrace recent upmove remains in progress n below over night 91.81 low would bring stronger correction to 91.50/60, however, over sold condition should keep price above 91.25 and yield subsequent rebound. Above 92.30 would bring gain to 92.60/70, break there would suggest pullback has possibly ended, however, reckon 93.40/50 would cap upside.

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