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Challenging YTD Highs Friday's.......>

EURO-YEN TECHS
EURO-YEN TECHS: Challenging YTD Highs
Friday's weekly close above 125 improved the short-term outlook with risk
appetite spilling over into Europe/US. This brings the YTD high & 50-dma into
view at 126.14/18, ahead of the Dec 27 high at 127.10. Bears need a close back
under 125 to shift the outlook neutral, while a close back under 124 would
return the focus to the Jan 15 low at 123.40.

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