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Having based ahead of pivotal support....>

DOLLAR-YEN
DOLLAR-YEN: Having based ahead of pivotal support last week (See MNI Analysis
email USDJPY Building Momentum Apr 1 1231BST), the dollar encountered fresh
demand interest following yesterday's strong ISM mfg release. The firmer tone
spilled over into Asia, touched extended recovery highs of Y111.46 before
meeting resistance ahead of the 200-dma (Y111.48). Bulls need a close above here
and down trendline resistance at Y111.57, before targeting a run at the Y1120.00
level & previously broken channel base support-turned-resistance at Y112.12.
Last Y111.34.  

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