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100-DMA In View The risk-averse....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 100-DMA In View
The risk-averse theme briefly pressured USDJPY back under 111.00. This puts the
focus back on the 100-dma at 110.93, with a break here needed to extend the
downtrend. Below here opens the 38.2% retracement of 104.56-114.55 & Mar 29 low
at 110.73/54. Bulls need to recover the 200-dma at 111.50 to stabilise the
outlook, before challenging the Apr 5 high at 111.82.

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