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Daily Market Outlook (21 Feb 2020)
Update Time: 21 Feb 2020 08:06GMT
Next Update At: 00:30GMT
USD/JPY - 111.69

Although dollar has eased after rally from Wednesday's 109.86 low to a near 10-month high at 112.22 yesterday and range trading would be seen, as long as 121.12 holds, upside bias remains and above 112.22 would extend medium term upmove from August's 33-month trough at 104.46 towards 112.39, break needed to extend to 112.60/65.  
On the downside, only below 111.12 would risk stronger retracement to 110.90/95, then 110.65/70.

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