Holds Above 106.92 Key Support.....>

DOLLAR-YEN TECHS: Holds Above 106.92 Key Support

*RES 4: 109.69 High Mar 27

*RES 3: 109.38 High Apr 6 and near-term bull trigger

*RES 2: 109.06 High Apr 9

*RES 1: 108.59 High Apr 10

*PRICE: 107.71 @ 16:50 BST Apr 16

*SUP 1: 106.92/93 Low Apr 1 and bear trigger / Low Apr 15

*SUP 2: 106.76 Low Mar 18

*SUP 3: 106.45 50.0% retracement of the Mar 9 - 24 rally

*SUP 4: 105.81 Low Mar 17

USDJPY has managed to find support ahead of the near-term key level of 106.92,

Apr 1 low. Attention recently has been on this support following the recent

failure at 109.38 on Apr 6 that in turn represents a key short-term resistance.

In order to reinstate a bullish theme, clearance of 109.38 is required. This

would open 110.00 and beyond. On the downside, a break of 107.94 though would be

bearish and expose 106.45, a Fibonacci retracement.