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Consolidating Yesterday's Gains....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Consolidating Yesterday's Gains
After yesterday's large move higher, USDJPY has consolidated its gains today and
the bull trend remains intact. For a further acceleration higher, we need to see
USDJPY break above the 114 level before challenging the YTD high at 114.55.
Bears need to close below the Nov 20 low/100-dma at 112.31/20, to shift the
outlook negative. This would open the Oct 26 low at 111.38.

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