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Multi-month Lows Risk-off flow.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Multi-month Lows
Risk-off flow spilled over into Asia which saw USDJPY extend its downtrend to
multi-month lows of 108.07. Support is expected ahead of the 108.00 level, with
a break here needed to accelerate the move toward the 3% lower Bollinger band &
Jan 10 low at 107.90/77. Bulls need to recover broken trendline
support-turned-resistance at 109.20 to stabilise the outlook. Above here opens
the May 31 high & 21-dma at 109.62/70, ahead of a run at the 110 level.

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