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Bulls Looking To Recover 110.......>

DOLLAR-YEN TECHS: Bulls Looking To Recover 110
USDJPY briefly broke back above the 110 level in early Asian trading but gains
were short lived. A close back above here is needed to put the focus back on the
100-dma at 110.55. Above here would allow a challenge of the 111 level. The
bearish trend remains intact though with bears looking to take out yesterday's
low at 109.47 to open the psychological 109 level, ahead of the long-term 50%
retracement at 108.84.

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