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Daily Market Outlook (17 Apr 2015)
Update Time: 17 Apr 2015 09:06GMT
Next Update At: 00:30GMT
USD/JPY - 118.87

Although dollar's intra-day breach of Wednesday's low at 118.79 suggests downside bias is seen for fall from Monday's high of 120.84 to pressure price towards March's bottom at 118.33, break needed to confirm corrective decline from March's near 8-year peak at 122.03 has finally resumed and extend weakness towards 117.90/00.  
Above 119.47 would indicate a temporary low is made and shift risk to upside for gain towards 119.75, break would yield stronger gain towards 120.12.

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