USD/JPY - 93.37 Daily Market Outlook - Jan 7

 @ibtimes on January 07 2010 8:20 PM

Dollar's intra-day breach of yesterday's 93.41 high to 93.78 suggests recent upmove would resume after consolidation n as long as 92.75/80 holds, upside bias remains for further gain to 94.00/10, however, upside should be limited today due to over bought condition.    On the downside, only below 92.00 would confirm recent erratic rise has formed a temporary top and risk retracement toward 91.50/55 and then 91.20/25.

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