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Looking To Build On Recent Gains...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Looking To Build On Recent Gains
Risk-on sentiment is outweighing dollar weakness to keep USDJPY clear of support
at 112.00 and keep the July 19 high at 113.17 in focus. A break above 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 110.78/80.

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