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DOLLAR-YEN TECHS: Bullish Breakout
USDJPY has broken sharply higher from the recent trading range and through the
21-dma, turning momentum indicators bullish. The rally has developed a bullish
structure, consistent with further gains. A break above 112.06 will likely open
the way to the 113.17 July highs. Holding above 111.25 will maintain the renewed
positive technical picture.