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100-DMA Holds The Key..............>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 100-DMA Holds The Key
Broad-based dollar sales amid the backdrop of weaker US equity futures pressured
USDJPY back under its 100-dma. This brings the 100-hma & 21-dma into view at
110.08/02, a break opens the 200-hma & May 20 low at 109.83/81. Bulls need to
overcome the 100 & 21-dma's to reignite upside momentum, before challenging the
100-wma & Apr 1 low at 110.80. Further resistance is located on approach to
111.00, ahead of the 200-dma at 111.43.

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