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Daily Market Outlook (30 Apr 2024)
Update Time: 30 Apr 2024 08:05GMT
Next Update At: 00:30GMT
USD/JPY - 156.89

Although yesterday's sudden selloff from a near 34-year 160.24 (Reuters) peak to 154.54 suggests long term upmove has made a top, subsequent strong bounce would bring consolidation and 157.20/23 needs to hold to maintain bearish view for 155.05/10, 154.54, then 153.60/70 later.  
  
On the upside, only a daily close above 157.20/23 would risk gain back towards 157.65/75, above would head to 158.35/45 before down.
 

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