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112.00 Caps - USDJPY cleared the...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 112.00 Caps
- USDJPY cleared the 100 & 200-dmas on Thursday, extending the rally above
111.80, and then 111.90 in early Asia-Pacific trade. The rate has eased back
from best levels, with a lack of outright dovish surprises in the BOJ's latest
MonPol decision evident. Bulls need a break and close above Y112.00 to re-ignite
momentum. Bears target a move back below 111.00 and the Mar 8 low at 110.79 to
mount a downside reversal.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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