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200-dma at 111.45 the Key After....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 200-dma at 111.45 the Key
After moving above the 200-dma last week, USDJPY has gravitated back to its
111.45 level today. A close below here and the 100-dma at 111.30 would open
channel base support & 38.2% retracement at 111.25/16. Bulls need to initially
hold the 111.45 level before focus can turn back to Friday's high at 111.90
ahead of the key 112 level. Above here and the March 5 high at 112.14 would
extend the recovery towards the 114 area.

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