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Bulls Target Weekly Close Above....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Bulls Target Weekly Close Above 112, NFP's in View
Upbeat trade comments from Chinese leaders supported risk overnight, which saw
JPY underperform across the board. USDJPY closed above the 200-dma & trendline
resistance to give further bullish signals. This brings the 112 level into view,
ahead of previously broken channel base support-turned-resistance at 112.12.
Bears need a close back below the 200-dma (111.49) to stabilise the outlook,
while a downside break of 110 would return the focus to the Mar 25 low at
109.71.

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