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Closing in on 111.00 USDJPY........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Closing in on 111.00
USDJPY builds renewed momentum above 110.80 and closes in on 111.00, a level
that has proved hard to overcome in recent sessions. Above here brings the Feb
14 high & 200-dma into view at 111.13/31, ahead of a run at the 111.35/45 area
which registered a series of previous highs through December. A downside break
of the Feb 15 low & 50-dma at 110.26/109.91 would shift the outlook bearish and
bring the 109.50/55 level back into view which holds the Feb 6 low & 61.8% fibo
support.

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