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2.05%
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Ataglance2

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Ataglance2

Re: None

Wednesday, 03/19/2008 6:18:17 PM

Wednesday, March 19, 2008 6:18:17 PM

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21:02 USD/JPY: NY Traders" Forecasts for Asian Trading San Francisco, March 19. USD/JPY trades at 99.90 this afternoon with two-way flows containing price action today with a firmer dollar supportive but cross flows capping gains. Forecasts for the topside of tonight"s range start at 99.50 and extend to 100.85. Forecasts for the base of the range start around 98.75/80 and extend to 98.60.
EUR/JPY is currently at 154.74 and continues to attract heavy demand on dips though risks remain to the downside as leveraged trades are unwound. Forecasts for the topside of the range start at 155.50 and extend to 157.20. Forecasts for the base of the range are all clustered around 154.00/10.

Don



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