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Daily Market Outlook (05 Dec 2022)
Update Time: 05 Dec 2022 06:58GMT
Next Update At: 00:30GMT
USD/JPY - 134.65

Despite dollar's rise from Friday's 3-1/2 month low at 133.63 to 135.99 (Reuters) after release of US non-farm payroll, subsequent fall to 134.14 today suggests recovery has ended and intra-day rebound would bring choppy sideways swings before another decline, below 133.63 would extend to 133.40/45 but 133.00/10 should hold today.  
On the upside, only above 135.10/15 risks gain to 135.50/60, then possibly 135.99 again.

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