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Back Below 110 USDJPY lost its.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Back Below 110
USDJPY lost its grip on the 110 level yesterday with the pair dipping as low as
109.46 amid weakness in global equities, shifting the near term outlook
negative. Yesterday's low acts as the near term downside target with a break
opening the May 13 low at 109.02 & 109.00 level. Bulls need a close above the
100-dma to reignite upside momentum, opening a move toward the 55-dma at 110.99.

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