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Bears Look For A Close Below.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Look For A Close Below 200-DMA
USDJPY continues to trade just above its 200-dma at 111.51 as bears look for a
close below this level to suggest further downside momentum. The April 8
low/55-dma at 111.28 provides initial support below here, a break opens the Apr
10 low and 100-dma at 110.84/71. Bulls need to reclaim 112 to return the focus
to the Apr 24 & Dec 20 highs at 112.40/60. 

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