yen   DAILY MARKET OUTLOOK
Update Time: 11 Nov 2015 08:48 GMT

USD/JPY - 123.15
The greenback's resumption of recent uptrend to a fresh 10-week peak at 123.61 on Monday on the back of Friday's release of upbeat U.S. jobs report suggests consolidation with upside bias remains for gain towards 123.79/80, then 124.00/01. However, over bought condition would prevent sharp move beyond there and risk would increase for a much-needed correction later this week.

On the downside, only below 122.69 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 122.38/40.

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