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Close Above 21-dma Key Despite.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Close Above 21-dma Key
Despite breaking above 114 yesterday, Powell's dovish speech saw USDJPY lose
this level and briefly trade back below the broken up trendline. At the time of
writing, USDJPY is flirting with the 21-dma and a close above here will keep
near-term focus on the upside. Bulls need to overcome the October/November highs
of 114.21/54 to extend the broader bullish trend. On the downside, bears need to
close below the Nov 20 low/100-dma at 112.31/23 to shift the outlook negative.
This would open the Oct 26 low at 111.38.

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