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Daily Market Outlook (21 Sep 2023)
Update Time: 21 Sep 2023 08:32GMT
Next Update At: 00:30GMT
USD/JPY - 148.18

Despite yesterday's fall from 148.17 (Europe) to 147.48 in New York, subsequent rise to a fresh 10-month 148.36 high post-FOMC, then 148.45 today suggests medium term upmove has resumed and would head to 148.80/84 but 149.00/10 may hold initially due to overbought condition.  
On the downside, only a daily close below 147.95/00 signals top made and risks retracement to 147.70/75, 147.48 again.

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