Above Y108.42 To Target............>

DOLLAR-YEN TECHS: Above Y108.42 To Target Y109.26-110.47

*RES 4: Y109.49 100-WMA 

*RES 3: Y108.42 Low Feb 12 now resistance 

*RES 2: Y108.03 Low Feb 9 now resistance 

*RES 1: Y107.77 High Apr 5

*PRICE: Y107.44 @ 2130GMT

*SUP 1: Y107.00 55-DMA 

*SUP 2: Y106.57 Low Apr 9 

*SUP 3: Y106.44 21-DMA 

*SUP 4: Y105.29 Hourly resistance Mar 23 now support

*COMMENTARY: Bulls took comfort in support emerging at Y106.57 last week but

still need a close above the Y108.03-42 region to target Y109.29-110.54 where

key DMA and WMAs are situated. Follow through was lacking Friday courtesy of the

Bollinger band top (Y107.97) and this remains the key concern for bulls. Bears

now need a close below the 55-DMA to gain breathing room and below the 21-DMA to

shift initial focus back to Y105.29 and hint at a move back to 2018 lows.