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Daily Market Outlook (02 Dec 2021)
Update Time: 02 Dec 2021 08:06GMT
Next Update At: 00:30GMT
USD/JPY - 113.20

Despite the greenback's rise to a fresh 3-year peak at 115.51 last Wednesday, subsequent selloff to 113.00 Monday and intra-day break below there on active safe-haven buying in jpy due to renewed Covid variant concerns suggests MT uptrend has made a temporary top there and consolidation with downside bias remains for weakness to 112.60/70, however, oversold condition would keep price above 112.30/40.  
  
On the upside, only above 115.03 would indicate aforesaid pullback has ended instead and risk stronger gain to 115.51 again.
 

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