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Holding Above The 200-DMA USDJPY...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Holding Above The 200-DMA
USDJPY briefly traded below the 100 & 200-DMA's in Asia to print lows of 109.78,
but has since recovered back above 110.00. Bears need to revisit these key
levels to keep the downside momentum, bringing the May 29 lows at 108.11 into
play. Bulls initially need to regain 110.68 and a close above 111.12 to shift
the outlook positive.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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