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Consolidating Gains USDJPY.........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Consolidating Gains
USDJPY cleared the 100 & 200-dmas, extending the rally above 111.70 to stage a
brief test on the Y112 handle. Bulls need a close above here to re-ignite
momentum and challenge the 112.00 level, which has previously proved hard to
overcome. Bears target a move back below 111.00 and the Mar 8 low at 110.79 to
mount a downside reversal.

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