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Daily Market Outlook (05 Jun 2020)
Update Time: 05 Jun 2020 08:19GMT
Next Update At: 00:30GMT
USD/JPY - 109.34

Dollar's intra-day break of yesterday's 8-week high at 109.19 confirms recent upmove from May's 7-week trough at 105.99 remains in progress and further gain to 109.60/70 would be seen after consolidation, however, loss of upward momentum should cap price below 109.90/00 and yield retreat.  
  
On the downside, only below 108.62 would indicate temporary top is made n risks weakness to 108.43/48.
 

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