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DOLLAR-YEN TECHS: Comfortably Above 1.13
USDJPY touched 113.45 in early Europe amid the backdrop of improved risk
sentiment, its highest levels since Oct 8. Nonetheless, the pair failed to
consolidate gains, allowing prices to drift back toward the 113 handle ahead of
NY. A close below here shifts momentum back to the bears targeting broken
trendline resistance-turned-support & 21-dma at 112.60/56. Bulls continue to
target a break of the 114 level & Oct 4 highs at 114.55.