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Bulls Target Key 200-DMA USDJPY....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Target Key 200-DMA
USDJPY challenged the key 200-dma support level at 111.51 yesterday which
managed to hold on a closing basis. Bulls will need to consolidate above this
key level to return the focus to 112.00 & Wednesday's high at 112.40. Above here
opens the Dec 20 high & 50-mma at 112.60/70. While a close below the 200-dma
shifts the focus back to the downside. The 50-dma/Apr 8 lows at 111.31/28
provide the first initial support, ahead of the Apr 10 low and 100-dma at
110.84/74.

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