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Lacking Direction Despite recent...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Lacking Direction
Despite recent false breakouts, USDJPY continues to trade within a narrow
110.50-112.00 range, keeping the short-term focus neutral. Bears target the
100-dma at 110.37 ahead of the 200-dma & August lows at 109.82/78. A rise above
112.00 would be needed to reignite positive momentum and target the August highs
at 112.15 and July 19 high at 113.17, cementing the longer-term outlook.

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