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Accelerating Trend USDJPY based....>

DOLLAR-YEN TECHS: Accelerating Trend
USDJPY based ahead of 109.15 yesterday with the recovery extending back through
109.50 at the close. The firmer dollar theme spilled over into Europe with bulls
targeting a break of the 110.00 level (21-dma). Consolidation above here brings
the May 23 high & 100-dma back into view at 110.36/59, ahead of the double-top
resistance area at 110.63/67. Bears need a close below trendline support off the
Jan 31 low & May 29 low at 109.18/15, a break opens a run at the 109 level.

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