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Building Momentum Risk appetite....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Building Momentum
Risk appetite spilled over into Europe, underpinned by solid gains across the
equity space. USDJPY approaches 110.50 with bulls looking to recover 111.00 and
the 100-dma at 111.14 to stabilise the outlook. Above here brings the 200-dma &
broken channel support-turned-resistance into view at 111.45/80. Bears need to
clear 110 to put the focus back on the Mar 25 low at 109.71.

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