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Back Under The 100-DMA The.........>

DOLLAR-YEN TECHS: Back Under The 100-DMA
The risk-averse theme pressured USDJPY back under its 100-dma (110.53) and now
brings the 100-hma & May 21 low into view at 110.08/02. A downside break of the
200-hma & May 20 low at 109.83/81 returns the focus to the May 13 low at 109.00.
Bulls need to overcome the 100 & 21-dma's to reignite upside momentum, opening a
run at the 100-wma & Apr 1 low at 110.80. Further resistance is located on
approach to 111.00, ahead of the 200-dma at 111.43.

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