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Bears Target 100-DMA USDJPY........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bears Target 100-DMA
USDJPY cleared the 200-dma amid the backdrop of persistent dollar sales. Bears
look for a close below 111.49 to extend the broader downtrend, opening a move
toward the 111.00 level & 100-dma at 110.94. A break opens the Apr 1 low &
50-dma at 110.80/79. Bulls need to overcome Friday's high at 111.82 to re-ignite
upside momentum and challenge the 112 level.

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