"USD/JPY, European update 15.9.03
EUROPEAN M.I.T.S. - Date: Monday, 15 Sept.03 / Rate - 117.29
Range last 24 hour period (GMT04.30 September 12 - GMT04.30 September 15)
High: 117.51 Low: 116.70 Close: 117.28
European MITS still bullish USD vs JPY and other technical indicators within this time zone are maintaining a 75% bias to the upside, so confidence is strong. Ideally the market will base today around 117.00/10 (maximum hold above 116.60), with subsequent dollar buying anticipated to break over 117.50/60 and move onto 117.90, potentially 118.10/20."
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