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Looking To Build On Recent Gains...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Looking To Build On Recent Gains
USDJPY builds on recent gains and is looking to close the week at two-month
highs. Daily momentum indicators continue to provide outright bullish signals
with focus on the July 19 high at 113.17. 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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