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Holding Above 110 The weak close...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Holding Above 110
The weak close in US stocks on Friday failed to dent the recovery in USDJPY
which remains clear of the 110 level. The 100-dma is now back into view at
110.50 with a break above here opening the gap left around the 110 level. Bears
need a close below 110 to target the May 13 low & 109 level. Further support is
located at 108.84/73 from the 50% retracement level & Feb 1 low.

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