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Trade Idea: USD/JPY - Sell At 91.00, O.C.O. Buy At 88.85 - forex fx daily current outlook

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Old 01-26-2010, 06:00 AM
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Join Date: Sep 2008
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Default Trade Idea: USD/JPY - Sell At 91.00, O.C.O. Buy At 88.85

Although dollar has fallen again on renewed cross-buying in yen due to risk aversion after the rumors of Chinese banks to raise reserve requirements and decline from 93.78 may extend weakness to 88.83, loss of near term downward momentum would prevent sharp fall below there and reckon support at 88.32...

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