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Daily Market Outlook (22 Jul 2024)
Update Time: 22 Jul 2024 13:12GMT
Next Update At: 00:30GMT
USD/JPY - 156.78

Despite dollar's rally from last Thur's 1-month low at 155.38 to 157.86 Fri, subsequent selloff to 156.29 today suggests recovery has ended and re-test of 155.38 would be seen after consolidation, break extends recent decline to 155.13/15, then 154.56/62 before up.  
  
On the upside, a daily close above 157.15/20 would yield fain back towards 157.61 (Asia), above, 157.86/89.
 

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