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200-DMA Key At The Close USDJPY....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: 200-DMA Key At The Close
USDJPY briefly traded under the the 111 level yesterday, testing the 200-dma at
110.92. A weekly close below here would build further downside momentum opening
the 38.2% retracement of 2018 range at 110.73, ahead of the Aug 21 low at
109.78. Bulls need to recover the 100-dma to stabilise the short-term outlook. A
break back above 113.00 is required before targeting the Dec 3 high & down
trendline resistance at 113.85/86.

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