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Neutral Outlook USDJPY briefly.....>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Neutral Outlook
USDJPY briefly made a show under 108.00, before quickly recovering to the 108.20
area. Bears need a close below 108.00, returning the focus to the 50%
retracement level & Jan 3 hourly support 106.83/75. Topside focus remains on
109, a close above would suggest a bullish reversal is in play, targeting broken
trendline support-turned-resistance & the Jan 2 high at 109.42/73.

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