USD/JPY - 93.30 Daily Market Outlook - Mar 30

 @ibtimes on March 30 2010 8:52 PM

Despite intra-day anticipated resumption of recent upmove in Asian morning, as near term upward momentum of dollar is weakening, suggesting further strong gain is unlikely to be repeated and reckon 2010 high made in January at 93.78 would cap present rise and bring a minor correction later today.    On the downside, a firm breach of initial sup at 92.75 would signal a temporary top is in place and bring retracement towards 92.43 but Monday's low at 92.04 should remain intact.

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