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Challenging 100-DMA The release....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Challenging 100-DMA
The release of strong US ISM mfg data underpinned USDJPY with a move back
through 111.00 & the 100-dma. A close above here brings the 200-dma & down
trendline resistance into view at 111.47/71, ahead of a run at the key 112
level. Bears continue to look for a downside break of 110 to return the focus to
the Mar 25 low at 109.71. Below here opens the Feb 7 low & 50% retracement level
at 109.61/56.

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