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Back Below 110 USDJPY remains on...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Back Below 110
USDJPY remains on the back foot after falling below 110 on Friday, with recovery
efforts back above this level failing to hold in Asian trading. The initial
downside target is the Feb 8 low at 109.65, below here opens the 38.2%
retracement of the Jan-Feb rally at 109.36. Bulls need to recover 111.00 & the
100-dma at 111.18 to stabilise the outlook, above here brings the 200-dma &
broken channel base support-turned-resistance into view at 111.45/60.

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