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Clinging To 200-DMA USDJPY.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Clinging To 200-DMA
USDJPY continues to trade around the 200-dma at 111.51 keeping the outlook
neutral for now. Bears need a break of the 111.00 handle to put the focus on the
Apr 10 low & 100-dma at 110.84/65. To the upside, bulls require a move back
through the 21-dma to 111.70. A close above here reignites upside momentum and
brings the 112 level back into view.

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