USD/JPY - 90.48.. Although the greenback traded narrowly y'day in Asian 
session, renewed cross-selling in yen for carry trades lifted price fm European 
low at 89.94 n once price penetrated 90.15 res (now sup), intra-day upmove acce- 
lerated, dlr later climbed to a one-week high of 90.83 in NY trading b4 easing 
on profit-taking.
       Y'day's breach of Monday's high at 90.69 signals the upmove fm 88.14 has 
once again resumed n initial consolidation is seen in Asia b4 extending 
aforesaid upmove twd chart obj. at 91.10, however, as 15-min. & hourly 
oscillators wud display 'bearish diverging signals' on next rise, further strg 
gain is not envisaged, reckon 91.40/45 wud cap dlr's upside n risk is seen for a 
retracement to take place later today or tom.
       In view of abv mildly bullish scenario, trading dlr fm the long side is 
favoured but profit shud be taken on subsequent rise. On the downside, a firm 
breach of 90.15 sup wud signal an intra-day top is possibly made n risk weakness 
twd 89.85 but this week's low at 89.63 shud continue to hold fm here.