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Eyes on the 100-dma USDJPY broke...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Eyes on the 100-dma
USDJPY broke cleanly to the downside following US tariffs news over the weekend,
which saw the pair hit daily lows of 110.28. The 110 level now becomes the next
downside target, with a close below 110.62 100-dma needed to cement. A break
below here opens the March 25 low at 109.71. To stabilise bulls need to recover
111, while a break back above the 200-dma at 111.51 is needed to reignite upside
momentum and bring the 112 level back into view.

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