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Close Of 200-DMA Remains Key ......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Close Of 200-DMA Remains Key 
USDJPY tested the key 200-dma support level at 111.51 yesterday which managed to
hold on a closing basis. A close below here is needed to shift the focus to the
downside. The 50-dma/Apr 8 lows at 111.31/28 provide the first initial support
ahead of the Apr 10 low and 100-dma at 110.84/74. To reignite upside momentum
bulls initially need to recover 112 and take out Wednesday's high. Above here
opens a run at the Dec 20 high & 50-mma at 112.60/70.

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