Correcting Recent Gains After 1%...>

DOLLAR-YEN TECHS: Correcting Recent Gains After 1% Volatility Band Caps Rise

*RES 4: Y114.73 2% volatility band

*RES 3: Y114.66 1.618 swing of Y113.51-Y111.65

*RES 2: Y114.33 61.8% Fibo of Y118.67-Y107.32

*RES 1: Y113.51/61 Oct 6 high, 1% volatility band

*PRICE: Y113.20 @1215GMT

*SUP 1: Y112.75/85 Hourly support

*SUP 2: Y112.55 Hourly congestion area Oct 19

*SUP 3: Y112.29 Oct 19 low

*SUP 4: Y112.04 Oct 17 low

*COMMENTARY* Rallies continue to be frustrated by the upper 1% volatility band

and need to push through here, at Y113.61 by time today, before the way will

clear for a run at the next upside obstacle, the 61.8% Fibo retrace level at

Y114.33. In the meantime, the Y112.85-Y112.75 area provides immediate support

and the protection against a deeper Y112.55 pullback, as we correct recent gains

from Thursday's Y112.29 low.