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Challenging 112 USDJPY largely.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Challenging 112
USDJPY largely shrugged off yesterday's equity weakness with the pair's recovery
extending back toward the 112 level. This keeps the focus on Friday's high &
channel top at 112.09/27. Above here would bring the 50% retracement level & Dec
20 high into view at 112.44/60. Bears need to clear the 100 & 200-dmas at
111.39/37 to stabilise the outlook, while uptrend support comes in around 111.
Below here would open the Feb 27 low & 50-dma at 110.36/109.88.

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