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Holding Above 112.00 Despite.......>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Holding Above 112.00
Despite broad-based USD sales, USDJPY has so far managed to hold above 112.00 to
keep the recent positive trend intact. Bulls target the July 19 high at 113.17,
a break here would suggest the longer-term uptrend is resuming, opening the Jan
8 ytd high at 113.39. Bears need to break back below 111.60 to shift the outlook
neutral and target up trendline support & the 100-dma at 110.78/76.

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