DAILY MARKET OUTLOOK USD/JPY
Update Time: 23 Apr 2015 08:06 GMT
Despite dollar's rebound from Monday's 3-week low at 118.53 to 120.09 in Asia today, as sell off from last week's high of 120.84 signals correction from March's bottom at 118.33 has ended there, reckon 120.43 resistance would cap upside and downside bias remains for another decline later.
Below 119.31/35 would indicate top is made and yield weakness to 119.15 and then 118.70/80.
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