USD/JPY - 92.65 Daily Market Outlook - May 11

By IBTimes Staff Reporter | May 11 2010 8:41 PM

Despite staging an intra-day rebound fm 92.21 to 93.15, subsequent retreat suggests dollar wud continue consolidate below Monday's 93.54 high with downside bias, below said sup wud bring stronger retracement of early rally fm 87.95 to 91.82 but 91.40 wud hold. On the upside, only abv 93.54 wud bring one more rise to twd strong res at 93.96/99.

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