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Bulls Target Close Above 110.00....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Target Close Above 110.00
Renewed risk appetite boosted USDJPY Monday, facilitating a move through 110,
although the failure to close above the psychological level will disappoint
bulls. A close above 110 would bring the Dec 31 high & 50-dma at 110.48/65 into
view, ahead of a run at the 200-dma at 111.27. Bears focus on the 21-dma at
109.18 to change the short-term outlook, before challenging the Jan 31 low at
108.50.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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