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Capped Above Y129 The rate traded....>

EURO-YEN TECHS
EURO-YEN TECHS: Capped Above Y129
The rate traded well within Monday's range before the EUR benefited from
Powell's speech, giving little indication of a breakout in either direction for
now. Bears need a close below 128 to resume the modest downtrend, opening the
Oct 26 low at 126.64, ahead of the Aug 15 low at 124.91. Bulls look for a close
above 129, which would bring the 200-dma into play at 129.85.

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