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Looking Very Toppy Equity risk.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Looking Very Toppy
Equity risk appetite has failed to support USDJPY which has lost its grip on the
100/200-dmas and channel base support. The pair now looks set to challenge
yesterday's low at 111.01, with a close below 111.00 suggesting a deeper
correction. Bulls need to recover the 200-dma at 111.45 before focus can turn
back to Friday's high at 111.90 ahead of the key 112 level. Above here and the
March 5 high at 112.14 would extend the recovery towards the 114 area.

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