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May Lows Holding For Now USDJPY....>

DOLLAR-YEN TECHS: May Lows Holding For Now
USDJPY continues to trade above the May 13 low and the 109 level with
yesterday's pullback finding support just above here at 109.15 allowing bulls to
recover 109.60. Bulls now look to recover the 109.70/75 area marking Friday's
highs, above which opens a run at the 110.00 level. Bears need a close below
109.15 to bring the May 13 low at 109.02 & 109 level back into view. Below here
opens a run at the 50% retracement of 99.02-118.66 at 108.84.

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