DAILY MARKET OUTLOOK Update Time: 30 Jun 2015 08:08 GMT
USD/JPY - 122.23
Dollar's intra-day breach of Monday's fresh 1-month trough at 122.10 to 122.05 in European morning signals decline from June's near 13-year peak at 125.86 has resumed and further weakness to 121.40/50 and then 121.00/10 would be seen, however, near term loss of momentum should keep price above 120.84 (previous res, now support) and yield rebound later this week.
On the upside, only a move back above 123.19/23 would signal a low has been made and yield subsequent gain to 123.99.
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