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Global Equity Futures Knock........>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Global Equity Futures Knock Sentiment
USDJPY challenged but failed to close above the 100-dma for the second
consecutive session, allowing bears to regain the upper hand. Soft global equity
futures extended the corrective pullback through 110.15 with downside focus on a
break of the 110 level & 200-hma at 109.90. Below here opens the 50% retracement
& May 17 low at 109.56/50. Bulls need a close above the 100-dma to reignite
upside momentum, opening a move toward the 50 & 55-dma's at 111.00-03.

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