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200-DMA Back In Play USDJPY........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 200-DMA Back In Play
USDJPY broke to the downside out of its week-long range around the 112 level in
early Asian trading, dropping as low as 111.65 before recovering much of its
losses. Bulls continue to target Wednesday's high at 112.17 to ignite some
upside momentum. Above here opens the 76.4% retracement of the Oct - Jan fall at
112.25, ahead of the Dec 20 high at 112.60. Bears look for consolidation below
the handle to suggest a potential downside reversal, with a break below the
200-dma at 111.51 needed for confirmation.

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