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Daily Market Outlook
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| Daily
Market Outlook (23 Jan 2019) |
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| Update
Time: |
23 Jan 2019 08:17GMT |
| Next Update
At: |
00:30GMT |
USD/JPY - 109.58
Dollar's rally from Tue's low at 109.15 to 109.80 in Asia today due to cross-selling in yen suggests pullback from last Fri's 2-1/2 week high at 109.88 has ended and recent upmove from Jan's 9-month trough of 104.79 would extend to 110.00/10 after consolidation.
On the downside, only below 109.33 would indicate temporary top made, risks re-test of 109.15, break, 109.07, then 108.70/80.
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