DAILY MARKET OUTLOOK Update Time: 01 Dec 2015 08:22 GMT
USD/JPY - 122.87
Despite yesterday's cross-inspired break of 122.94 res to 123.34 in New York, intra-day sharp retreat to 122.64 due to broad-based long liquidation is the usd in Asian morning suggests further 'choppy' trading below Nov's 12-week peak at 123.77 would continue with near term downside bias, only below 122.21/26 sup would bring stronger retracement of early upmove to 122.00/01.
On the upside, above 123.34 is needed to revive previous bullish scenario on dollar for subsequent re-test of 123.77.
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