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Daily Market Outlook (01 Dec 2020)
Update Time: 01 Dec 2020 08:01GMT
Next Update At: 00:30GMT
USD/JPY - 104.33

Despite the greenback's marginal break of yesterday's high at 104.40 to 104.46 in Asia, subsequent retreat suggests the recovery from Monday's low at 103.84 has ended there and consolidation with downside bias remains, below 104.08 would add credence to this view and yield 103.84, however, support at 103.66 should remain intact and yield rebound later.  
On the upside, only above 104.75 is needed to dampen daily bearishness and risk stronger retracement of decline from November's peak at 105.67 to 105.13 later.

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