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Daily Market Outlook (22 May 2019)
Update Time: 22 May 2019 08:05GMT
Next Update At: 00:30GMT
USD/JPY - 110.39

Dollar's rally from 110.07 in Europe to a 2-week high at 110.67 in NY on broad-based gains in U.S. stocks yesterday suggests recent upmove from last Mon's 3-month trough of 109.02 has resumed and further gain to 110.85/95 would be seen after consolidation, however, reckon 111.05 should hold and yield retreat.  
  
Below 110.07 would indicate temporary top made and extend weakness towards 109.81. Above 110.05 risks gain to 111.35/38.
 

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