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Daily Market Outlook (08 Dec 2023)
Update Time: 08 Dec 2023 08:55GMT
Next Update At: 00:30GMT
USD/JPY - 143.89

Despite yesterday's selloff on active buying in yen to a 4-month 141.73 (Reuters) bottom, subsequent strong bounce to 144.39 at European open today signals recent decline has made a temporary low there and stronger retracement to 144.55/60,   
then 144.95/00 would be seen but 145.25/29 may hold.  
On the downside, a daily close below 143.00/10 would risk weakness back towards 142.50 (Asia), break, 141.73 again.

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