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Daily Market Outlook (23 Aug 2017)
Update Time: 23 Aug 2017 08:09GMT
Next Update At: 00:30GMT
USD/JPY -

Although yesterday's cross-inspired109.40 rise to 109.64 in New York confirms recent decline has made a temporary low at last Fri's 4-month bottom at 108.61, intra-day retreat on Trump's govt. shutdown comments after initial gain to 109.83 at Asian open suggests 1st leg of correction is over and consolidation with downside bias is seen.  
  
As long as 108.80/90 holds, another rebound twd 109.83 may be seen, above would head twd 110.04 but 110.37 should cap upside. Below 108.61/64 would extend weakness to 108.40/45.
 

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