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Consolidating Above 112.00 China...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Consolidating Above 112.00
China trade headlines continue to dominate which has seen the pair flip flop
either side of 112.10. Despite this, the positive picture remains intact above
111.60 with bulls targeting a strong close. Above 112.00 brings the July 19 high
at 113.17 back into view, while a break would suggest the longer-term uptrend is
resuming. Bears need to recover 111.60 to return the outlook neutral and target
the 100-dma at 110.70. Below here sits the 200-dma at 109.76.

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