USD/JPY - 92.26 Daily Market Outlook - Jan 4

By IBTimes Staff Reporter | January 04 2010 8:46 PM

Dollar's sharp retreat after resumption of recent rise to 93.22 yesterday signals a temporary top has been formed and consolidation below there would be seen, however, as long as 91.80/85 holds, upside bias remains for gain toward 92.95/00 but said top should hold on first testing. Below 91.50/55 would bring stronger retracement to 91.00/10 before a rebound to take place.

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