JPY-114.12 12th Jun,2006 Pre-European Update. Yen is trading above 114.00 levels and the 113.80 levels should provide the pair with the support to move higher towards 114.80 levels min and if this is cleared then we can see the pair move still further towards 116.00. We now prefer to initiate a buy on dips near 113.80 for the above said target to be reached. Amend stop to entry once 30 pips profit is reached.
Buy @ 113.80 for 114.80 min with stop below 113.50.
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