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Sunday, July 02, 2006

Update on USD/JPY

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Just got update from DB regarding USD/JPY
They mention no rush needed to buy USD/JPY, as there is good support at 114.00 and a Very big support at 113.70, says Deutsche Bank senior customer dealer,
Expects Japan Importers, Japan, Europe Investors to buy on Dips.

Tip Levels below 114.00 as good levels to buy.

You dont have to hurry to buy the dollar. its better to wait maybe till Fridays (U.S.) jobless figures, which we think will be very soft.

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