USD/JPY - 92.23 Daily Market Outlook - May 16

 @ibtimes
on May 16 2010 8:45 PM

Despite Friday's cross-inspired selloff to 91.80, subsequent rebound suggests the 1st leg of decline fm 93.65 to retrace recent upmove 87.95 has made a low there, however, reckon 93.10 wud cap intra-day rebound n yield retreat.    On the downside, only below 91.80 wud extend aforesaid decline twd 91.47.

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