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Back Under 110 The risk-averse.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Back Under 110
The risk-averse tone spilled over into NY with added weight from US equity
futures. USDJPY dipped back under 110.00 and brings the May 13 low & 109.00
level back into view. Further support is located at 108.84/73 from the 50%
retracement level & Feb 1 low. Bulls need a positive close above 110.00, before
challenging the 100-dma at 110.50, a break opens the 21-dma & 100-wma at
110.74/79.

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