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Downside Momentum Failure to.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Downside Momentum
Failure to build on gains above 111.50 and the subsequent weak US PPI release,
has triggered renewed downside momentum. USDJPY maintains a neutral outlook with
bears targeting the 100-dma and uptrend support at 110.60/54. Below here opens a
move toward the 200-dma & Aug lows at 109.79/78. Bulls need to overcome the
double-top resistance area at 111.75/85 to regain the upper hand, and open up
the July 19 high at 113.17.

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