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Daily Market Outlook (01 Jun 2020)
Update Time: 01 Jun 2020 07:35GMT
Next Update At: 00:30GMT
USD/JPY - 107.56

Despite Friday's selloff to 107.09 in Asia, subsequent strong rebound to 107.89 (New York) suggests correction from May's 108.08 peak has ended and intra-day retreat would bring choppy sideways swings before prospect of another rise to 108.35, but 108.85 should remain intact.  
  
Only below 107.33 signals recovery is over and risks stronger retracement to 107.09 but 106.86 would hold.  
  
 

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