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Challenging Key 110 Level..........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Challenging Key 110 Level
USD/JPY extended its downtrend throughout the European morning to 110.03, before
stalling ahead of the key 110 level. A break here is likely to accelerate the
move, opening the Aug 21 low at 109.78, ahead of the 50% retracement at 109.56.
Bulls need to recover the 200-dma at 111.06 to stabilise the short-term outlook.

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