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Daily Market Outlook (09 Aug 2022)
Update Time: 09 Aug 2022 08:27GMT
Next Update At: 00:30GMT
USD/JPY - 134.88

Dollar's jump on blowout U.S. NFP Fri to 135.49, then to 135.57 Mon signals correction from Jul's 24-year peak at 139.39 has possibly ended at 130.41 (Tue), despite retreat to 134.37 in New York in tandem with U.S. yields, subsequent rebound has retained upside bias, above 135.57 would yield stronger gain to 135.85/95.   
On the downside, only a daily close below 134.37 would risk retracement to 134.00/05.

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