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200-DMA Capping Topside Gains......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 200-DMA Capping Topside Gains
USDJPY comfortably holds below the 200-dma and keeps the recent downtrend
intact. Bears now target a run at the 111.00 level & 100-dma at 110.93, with a
break here needed to open the 38.2% retracement of 104.56-114.55 & Mar 29 low at
110.73/54. Bulls need to overcome the Apr 5 high at 111.82 to re-ignite upside
momentum and challenge the 112 level.

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