DAILY MARKET OUTLOOK
Update Time: 29 Mar 2016 08:21 GMT
USD/JPY - 113.65
U.S. dollar's intra-day break of yesterday's 113.69 high confirms near term upmove from last March's 16-month bottom has once again resumed and as long as 113.15 support holds, further gain to 114.00/10 is envisaged, however, loss of upward momentum should cap price below daily res at 114.45 today and yield retreat later.
On the downside, only a daily close below 113.15 would signal a temporary top has possibly been made and risk weakness towards 112.20/37.
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