DAILY MARKET OUTLOOK Update Time: 30 Nov 2015 08:20 GMT
USD/JPY - 122.82
Friday's intra-day rebound from 122.30 to 122.88 (New York) has retained our previous view that dollar's early decline from November's 12-week peak at 123.77 has ended last week at 122.26 and consolidation with upside bias is seen, above 122.94/96 would encourage for subsequent headway towards 123.26.
On the downside, only break of 122.21/26 sup would risk stronger retracement of recent upmove to 122.01.
However, reckon 121.74 (previous res, now sup) would contain weakness.
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