DAILY MARKET OUTLOOKUpdate Time: 21 Dec 2015 08:40 GMT
USD/JPY - 121.41
Although last Friday's intra-day selloff from a 4-week high of 123.59 (Reuters) after BOJ's extension of the maturity of its bond-purchase programme suggests choppy trading below November's peak at 123.77 would continue, intra-day cross- inspired rebound from 121.04 signals consolidation is in store with near term upside bias before prospect of another fall later today or tomorrow twd 120.75/85 but December's low at 120.35 would remain intact.
On the upside, only above 121.90/00 suggests a temporary low is made and may risk stronger gain twd 122.35/45 before another fall.
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