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DOLLAR-YEN TECHS: A close below Y111.50 would work in favour of bears
The pair traded either side of the 200-dma for a fourth consecutive session
Friday, but finally looks to break lower with a close below Y111.50 needed to
cement the trend. Bears now look for a break of 111.00 to put the focus on the
Apr 10 low & 100-dma at 110.84/65. Bulls need to clear the 21-dma at 111.70 to
reignite upside momentum and bring the 112 level back into view, ahead of the
ytd high at 112.40.