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Daily Market Outlook (23 Jan 2019)
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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