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Fails To Build Above 109 Despite...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Fails To Build Above 109
Despite clearing the 109.00 level, USDJPY failed to build gains with the
subsequent retracement extending to 108.70. Bulls target a break of the 21-dma
at 109.42, with the next upside target at 110.00 from the Dec 25 low. A break
above here would suggest further gains towards the 200-dma at 111.19. Bears
focus returns to the 108.00 level, a break opens the 50% retracement level & Jan
3 hourly support 106.83/75.

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