Fri, 30 Sep 2011 12:39:38 GMT
The pair is trading sideways
“External factors affected production negatively, the yen's strength was also a negative factor”- Japan Research Institute (based on WSJ)Industry outlookAs the industry outlook suggests the currency pair is capped from above by resistances situated at 77.23, 77.45 and 77.83. Supports, on the other hand, may be found at 76.29/25, 75.94 and 75.00.Traders’ sentimentTraders’ sentiment in USD/JPY market is fixed, as