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Release of stronger than forecast US.....>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: Release of stronger than forecast US GDP and Chicago PMI provided
the catalyst to break USD/JPY through recent/YTD highs of Y111.24, extending the
recovery to Y111.44. Underlying tone remains positive with corrective pullbacks
so far restricted to Y111.30. Resistance seen into Y111.50, a break to open a
move toward Y111.78(1.618% swing Y111.24-110.36). Support now seen at Y111.30/24
ahead of Y111.00. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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