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Below Y109.01 To Pressure..........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Below Y109.01 To Pressure 100-DMA
*RES 4: Y111.18 High May 22 
*RES 3: Y110.72 Hourly support May 22 now resistance 
*RES 2: Y110.26 High June 6 
*RES 1: Y109.84 21-DMA
*PRICE: Y109.74 @ 0430GMT
*SUP 1: Y109.01 Hourly support June 1 
*SUP 2: Y108.70 Low June 1 
*SUP 3: Y108.65 55-DMA 
*SUP 4: Y108.06 100-DMA
*COMMENTARY: The rally from dips back to the 100-DMA in May have seen the pair
correct higher only to fail at the 200-DMA hurdle. The sell-off last week
resulted in an easing of bullish pressure with bears now looking for a close
below Y109.01 to shift focus back to Y107.85-108.06 although the 55-DMA may
support along the way. Bulls look for a close above Y110.72 to confirm traction
above the 200-DMA and return immediate focus to Y111.39-98.

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