DAILY MARKET OUTLOOK Update Time: 29 Oct 2015 08:26 GMT
USD/JPY - 120.73
Despite the greenback's rally from 120.02 to 121.26 yesterday on the release of a unexpected hawkish FOMC statement, subsequent retreat suggests further choppy trading below Monday's high at 121.51 would continue with mild downside bias and weakness towards 120.20/23 would be seen, however, aforesaid 120.02 low should remain intact and yield rebound early next week.
On the upside, only above 121.51 would revive bullishness for gain towards daily resistance at 121.74, break would extend towards 122.10/15.
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