DAILY MARKET OUTLOOK
Update Time: 19 Feb 2016 09:02 GMT

USD/JPY - 112.94
Dollar's intra-day retreat from 114.32 suggests further choppy trading below Tuesday's high at 114.88 would continue with downside bias, however, below hourly support at 112.59 is needed to signal the correction from last week's trough at 110.99 has ended there and yield stronger retracement towards 112.10/13.
However, support at 111.89 should remain intact and yield rebound later. 

On the upside, only above 114.51 would indicate aforesaid pullback is over instead and turn outlook bullish for a re-test of said top, break, 115.10/20.

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