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Building Momentum The risk-on......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Building Momentum
The risk-on theme underpinned by firmer US equity futures lifted USDJPY through
the 100-dma for the first time since early May. Bulls look for a close above
here to cement the uptrend and bring the 100-wma & Apr 1 low back into view at
110.80. Further resistance is located on approach to 111.00, ahead of the
200-dma at 111.43. Bears need to take out yesterday's low at 109.81 to return
the focus to the May 13 low & 109.00.

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