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DOLLAR-YEN TECHS: Early Upside Falters
Despite a decent start to the session for the pair, the lower 111's clearly hold
interest, with USD/JPY returning below 111.50 with little support. This keeps
focus on a break of the 111.00 handle to put the focus on the Apr 10 low &
100-dma at 110.84/67. To the upside, bulls require a move back through the
100-dma to 111.67. A close above here reignites upside momentum and brings the
112 level back into view.