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Breaking Below 112 Support The.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Breaking Below 112 Support
The key 112 gave way in early Asian trading amid rising risk-off sentiment and
bears will look to close below here to mount a reversal. The 50-dma has already
been taken out and the 100-dma lies below at 111.54. Bulls need to defend 112 on
a closing basis to return the focus to the 21-dma at 112.88, above which would
allow a challenge of the YTD highs at 114.55. 

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