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DOLLAR-YEN TECHS: 200-DMA Under Pressure
USDJPY is looking toppy following yesterday's declines with the pair losing its
grip on 111.50 in Asian trading to bring the 100/200-dma squarely into focus at
111.36/40. Below here would open up trendline support which comes in around
111.00. To reignite upside momentum bulls need to clear the 112 level, which has
so far proved hard to overcome. Consolidation above would target the Mar 5 high
& channel top resistance at 112.14/44.