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Downside Risks Rising USDJPY.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Downside Risks Rising
USDJPY failed to sustain gains above the 114 level yesterday which returns the
outlook neutral but with rising downside risks. A break below the Nov 7 low at
112.95 would shift the short-term outlook negative, opening the 21-dma & up
broken trendline resistance-turned-support at 112.92/75. Bulls need a close
above 114 to keep the topside in focus, a break of 114.55 confirms the bigger
picture bullish trend, opening option-related resistance at 1.15.

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