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Dollar on The Backfoot USDJPY......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Dollar on The Backfoot
USDJPY extended declines through up trendline support & the 100-dma to 112.29
with added weight from soft UST yields. This brings the double-bottom support
area at 112.20/25 into play, below here opens a run at option-related demand at
112.00, ahead of the Oct 29 low at 111.78. Bulls now need to recover 113.71 to
open the 114 level, which holds the descending trend line off Oct 4 highs.

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